2450 WESTLINGTON CIR, Cumming, GA 30040
Relax in this active adult community with all the amenities you could want. This beautiful 3-bedroom 2-bath has a chef's kitchen, oven, convection microwave, and huge island, which is perfect for food prep while you enjoy plenty of seating for family and friends at the counter. An open-concept living room and kitchen are great for entertaining; also, a few steps away is your enclosed screened-in porch, perfect for enjoying your morning coffee and mountain view. All rooms have a ceiling fan and wood blinds for comfort and style. The oversized master bedroom connects the master bath to a huge walk-in closet on one side and the laundry room on the other side. No need to carry a laundry basket in this home. Need more storage or room to expand? Check out the unfinished daylight walk-out basement, which has plenty of room for storage and is also stubbed out for a bath if you decide to add more living space. One door down is your community pool, and you also have all of the amenities for all of Mountain Crest, including a Jr. Olympic-sized pool, fitness center, tennis/pickleball courts, clubhouse, and social activities. HOA dues include mowing, edging, pine straw, and sanitation. Do not wait. Homes in this community go super fast.
You may be able to put down less than the total down payment amount of $310,013 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: #10335194