226 Double Gate Ct, Sugar Hill, GA 30518
4 beds · 4 baths · 3,522 sqft
Discover the perfect blend of comfort, privacy, and community at 226 Double Gate Ct, nestled in the esteemed Twin Creeks neighborhood of Sugar Hill, GA. This exquisite 4-bedroom, 3.5-bathroom residence spans 3,522 square feet and boasts a stately brick front (3 sides brick) situated just before a quiet cul de sac. Designed with a desirable primary suite on the main floor, the home also features a sunroom that opens onto a sprawling back deck, complete with a hot tub (FREE with purchase of house ;-), overlooking a secluded backyard with a wooded view and equipped with 2 storage sheds. Community Amenities: Twin Creeks offers residents a wealth of amenities, including a pavilion, swimming pool, tennis courts, and a playground, fostering a vibrant and engaging neighborhood atmosphere. Educational Excellence: Families will appreciate the access to top-tier education, as the property falls within the North Gwinnett High School district. Recognized for its academic rigor, North Gwinnett High School ranks 12th among Georgia's public high schools and boasts a 73% Advanced Placement® participation rate. Prime Location: Situated less than two miles from the Sugar Hill Golf Course, downtown Sugar Hill, and the scenic Lake Lanier, residents enjoy a plethora of recreational and entertainment options. The neighborhood's proximity to these attractions, along with convenient access to I-85 and GA 400, ensures both leisure and commuting needs are effortlessly met. Neighborhood Appeal: Established in 1999, Twin Creeks comprises over 200 homes and is renowned for its family-friendly environment and well-maintained surroundings. The community's dedication to preserving a peaceful and safe atmosphere makes it an ideal setting for families and individuals alike. Embrace the opportunity to become part of the Twin Creeks community at 226 Double Gate Ct—a residence that seamlessly combines luxurious living with the benefits of a thriving neighborhood. It might just be your perfect spot to call home!
Source: FMLS #7552942
Source: FMLS #7552942
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.