2205 ARNOLD MILL RD, Lawrenceville, GA 30044
The layout of this beautiful two-story, 5-bedroom, 3-bathroom home is thoughtfully designed to optimize space and functionality, accommodating the needs of a larger household while offering comfort and practicality throughout. As you enter through the front door, you step into a welcoming foyer with a view straight through to the main living area, hinting at the openness and fluidity within. An open concept living room serves as the central gathering area, featuring plenty of windows for natural light and a fireplace with remote start as a focal point. The kitchen is well-equipped with stainless steel appliances, granite countertops, ample cabinet storage, a large pantry, and a breakfast bar. The adjacent dining area provides space for family meals and casual gatherings. One of the bedrooms on the first floor can be used as a guest room or home office, providing flexibility for different needs. A full bathroom on the first floor adds convenience and accessibility. The master bedroom is a spacious retreat featuring a walk-in closet, an ensuite bathroom, a soaking tub, and a separate shower. The generous size of the bedrooms in this home is truly impressive. The homeowner has prepared this home move-in ready with newly installed luxury vinyl plank (LVP) flooring throughout the main level.Tile flooring in the master bedroom and bathroom. Freshly painted throughout, each room is a blank canvas for your personal design style. The affordable HOA includes trash service and lawn maintenance. Conveniently located minutes from essential amenities such as grocery stores, restaurants, schools, parks, and shopping centers, and with easy access to I-85, Sugarloaf Parkway, and Ronald Reagan Parkway, this home offers both comfort and convenience. Large fenced back yard.
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10327494