2630 Heatherwyn Way, Cumming, GA 30040
4 beds · 3 baths · 2,690 sqft sqft
PRICE IMPROVEMENT!!! Welcome to this charming 4-bedroom, 2.5-bath home nestled in the desirable Nichols Creek subdivision. Freshly painted and ready for you to move in, this residence features a host of thoughtful touches. The newer AC unit ensures year-round comfort, while the brand-new refrigerator with a dual ice maker adds a touch of luxury to your kitchen. The inviting living space boasts a wood-burning fireplace, perfect for cozy gatherings. The primary bedroom is a serene retreat with a dedicated sitting area that includes a built-in desk—ideal for working from home or relaxing. The newly tiled primary shower offers a spa-like atmosphere to start and end your day. Convenience is key with a washer and dryer included, as well as a smart lock on the front door and a Ring camera system for enhanced security. Enjoy the privacy and tranquility of backing up to Suwanee Mountain Preserve, ensuring no future development behind you. The home is ideally located close to Mary Alice Park Beach, Sawnee Mountain Park, Midway Park, and downtown Cumming, offering a perfect blend of natural beauty and urban convenience.
Source: FMLS #7452633
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7452633
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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: #7452633