2196 Abbott Dr, Buford, GA 30519
4 beds · 4 baths · 3,512 sqft
Stunning 4-Bedroom Home with Media Room & Botanical Backyard Oasis Discover elegance and modern comfort in this meticulously maintained 4-bedroom, 4-bathroom home, featuring a dedicated office, media room, and lush landscaping. Nestled on a spacious, level wooded lot, this home offers exquisite craftsmanship and thoughtful upgrades throughout. Key features Inviting entryway with a brand-new custom front door leading into a grand two-story foyer, detailed crown molding, and high-end finishes. Open concept living designed for effortless entertaining, with abundant natural light flowing into the bright white kitchen and great room. Gourmet chef's kitchen featuring an oversized island with polished quartz countertops, pendant and under-mount lighting, a tile backsplash, a walk-in pantry, a 5 -burner gas stove with an upgraded exhaust vent, and new stainless steel appliances (except the stove). Cozy great room with a stunning stacked stone fireplace and gas logs. Main Level Highlights Formal dining room with coffered ceilings, a formal living room for additional entertaining space, and an office/potential fifth bedroom with a full bath-perfect for guests. Luxurious Upstarts Retreat Owner's suite with a spacious sitting area, double vanities, a large shower, a jetted tub, and a massive walk-in closet. Three oversized secondary bedrooms, including a Jack-and-Jill bath, a private en-suite bath, a versatile media/playroom, and a custom-tiled laundry room. Garage & Additional Upgrades Built-in NewAge cabinets for storage, ceiling racks for extra organization, and an epoxy-coated floor for durability. Outdoor & Smart Home Upgrades New roof, new A/C, and new appliances (except the stove). Irrigation system for effortless lawn care. Covered back porch and stone-paved patio-perfect for outdoor relaxation. Extensive security system with wired cameras, a monitored alarm, and local recording. A True Botanical Paradise Professionally landscaped retreat with maples, Japanese maples, cypress, crepe myrtles, hydrangeas, gardenias, colorful perennials, fig and peach trees, and a terrace-level garden leading to a second botanical sanctuary. Special Buyer Incentive Enjoy a free appraisal at closing or a 1/0 buy down when financing this beautiful home with Harmony Home Mortgage. Bonus: Seller is Offering a Home Warranty up to $700! Don't miss this extraordinary home. Schedule your private tour today!
Source: FMLS #7536352
Financials
Source: Public records
Source: FMLS #7536352
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.