2532 Greenes Ln, Powder Springs, GA 30127
5 beds · 4 baths · 3,842 sqft
Get a free consultation call with an expert in the mortgage assumption process.
MOTIVATED SELLER so schedule your tour today! Looking for a beautiful home with no HOA? LOOK NO FURTHER! Welcome to this spacious 5-bedroom, 4-bath gem nestled on a sprawling .92-acre lot in a desirable Powder Springs neighborhood with no HOA! Step onto the charming front porch and into a stunning two-story foyer that leads to an open dining room on the right and a bright, airy living room with built-in bookcases, a cozy fireplace, and soaring ceilings. The inviting eat-in kitchen features oak cabinetry, Corian countertops, stainless steel appliances, a serving bar with extra seating, and a sunny breakfast nook with a cozy sitting area perfect for your morning coffee. Adjacent is a warm family room, ideal for movie nights or a play area where little ones can stay close while you cook. Step outside to a deck overlooking a peaceful backyard perfect for gardening, playtime, or adding the pool you've always wanted. The main level offers a bedroom and full bath, while upstairs boasts four more bedrooms, including a spacious primary suite and bath, a private bedroom with a separate bath, and a Jack-and-Jill bath connecting two bedrooms one currently used as a craft room. The full unfinished daylight basement, prewired and stubbed for a bath, offers endless potential for a game room, gym, or media space, plus a boat door and a backyard shed perfect for storage, a workshop, or your dream she-shed or man cave. 2 car garage. With no HOA and easy access to top schools, shopping, dining, parks, and more.
Source: FMLS #7526696
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7526696
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 and Equal Opportunity Act.