230 SOUTHRIDGE, Senoia, GA 30276
Welcome home to this "Like New," meticulously maintained, and only a golf cart stroll to downtown Senoia home! This Jeff Lindsey Communities, Aaron plan, has beautiful custom high end selections. The main level of the home features an open concept plan, beautiful engineered hardwood floors, 15 foot vaulted ceilings, family room with gas fireplace & switch operation, tons of natural light and flows perfectly for entertaining. The chefs kitchen has stunning leathered granite countertops, floating shelves, breakfast bar, stainless steel appliances, and ample cabinet space with pantry. The large dining room is perfect to host your upcoming family gatherings. Powder room on the main level for guest convenience. Owner's retreat is on main and features a large walk in closet, ensuite with double vanity, soaking tub, separate walk-in shower, water closet and tile flooring. Upstairs you will find three additional bedrooms, all with walk-in closets, gaming/work stations in two of them, full bathroom with double vanity and large floored attic space for additional storage. This home has been loved and the original owner welcomes you to come and take a tour. The neighborhood features street lights, sidewalks and connects to an amazing golf cart path. Prime Senoia Location. Virtual Tour Link: https://listings.bzphotos.org/videos/e7e9d4ab-952d-4f86-bd70-fbbe93e18435
You may be able to put down less than the total down payment amount of $175,641 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
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: #10370403