230 Society St, Alpharetta, GA 30022
5 beds · 5 baths · 5,403 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This beautifully designed home in the Palisades offers a unique blend of elegance, comfort, and flexibility in one of Alpharetta’s most sought-after locations! Designed with a rare primary suite on the main level, a private wooded backdrop, and high-end finishes throughout, this home has it all and is move-in ready. Inside, 10’ ceilings on the main floor, gleaming hardwoods, and expansive windows create a warm, inviting atmosphere. The renovated chef’s kitchen features professional-grade appliances, timeless quartz countertops, a walk-in pantry, custom cabinetry, and flows seamlessly into the dining area and family room with a coffered ceiling and fireplace—perfect for entertaining or just winding down the day. The primary suite is conveniently tucked away from the family room on the main floor and offers a large bathroom with double vanities and a walk in closet with thoughtfully crafted cabinetry. Keep the main floor office or easily convert back to a formal dining room for hosting! Two covered decks offer a peaceful and quiet escape, overlooking acres of nature and the Big Creek Greenway. The upstairs is complete with a loft area, 3 generously sized bedrooms and two full bathrooms. Two of the bedrooms share a Jack and Jill style bathroom while the other bedroom has its own private bathroom. The finished basement adds versatility with a media room, stylish dry bar, and a full bathroom and bedroom or flex space for a gym or additional home office. Ample storage throughout the basement ensures everything has its place. Located just minutes from Avalon, Downtown Alpharetta, and GA-400, this home offers the perfect mix of privacy and convenience. A rare find in an unbeatable location—don’t miss your chance to make this home yours!
Source: FMLS #7531459
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7531459
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.
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.
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.
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.
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.
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.