Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
VA loan
30-day close
1 of 82
VA loan
30-day close
$672,900

2668 Gordon Rd, Senoia, GA 30276

5 beds · 3 baths · 3,741 sqft

NO HOA!! Located on private drive off of Gordon Road. Beautiful and spacious craftsman-style home on five wooded acres, gives you the privacy you've always dreamed of! With over 3700 square feet, you can spread out with five bedrooms, flex space and separate office. You won't believe all the owners have done to make this home uniquely custom and exquisite. So much attention to to detail. Beautiful two story foyer with hardwood floors on main floor. Primary bedroom is on the main floor with coffered ceiling. Owner's bath has jetted tub with large tiled shower, double vanity and large walk-in closet. Additional half bath is located on main floor. Large, open kitchen features stainless steel appliances, granite counter tops with bar seating, tiled back splash along with wrapped vent hood, open shelving, additional breakfast area. Pantry in kitchen contains wooden shelves. Kitchen opens to family room with wood burning fireplace with a back drop of a shiplapped wall. Separate dining room with tongue and groove ceiling. Laundry room is off of the kitchen. Upstairs there are an additional four very spacious bedrooms with two other bathrooms, an office and flex space, perfect for hanging out to play games, study or watch tv. Outside you'll find the screened porch and fireplace, perfect for a morning cup of coffee. There are raised garden beds and property is fenced. The back of the property contains a flowing creek. The best part of this home is being tucked away, but yet, being so close to everything. Ask your agent about using our preferred lender for credit towards closing costs. You are literally minutes to I-85, Peachtree City, Sharpsburg, Newnan, Piedmont Newnan Hospital and Atlanta Airport.

Estimated
Seller's interest rate
3.78%
7%
Estimated
Principal & interest
$1,915/mo.
$2,570
You may also save up to $179,617 in total interest paid.
Listing price
$672,900

Your cash down payment
$321,760
Seller’s estimated current equity is $321,760
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $1,915 monthly payment

Financed
$351,139
Assumed mortgage 3.78% • Seller's rate
$351,139
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

30-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Price per sq ft
$192
Lot size
5.04 acres
Year built
2017
Type
Single Family Residence

Source: GAMLS #10425884

Loan
Remaining term
22 years, 10 months
Rate
3.78%
Monthly P&I
$1,915
Remaining loan balance
$351,139

Source: Public records

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 30-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?

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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?

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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?

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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.

How can you find assumable mortgage listings?

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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 “Get Notified” 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.

How do I qualify for an assumable mortgage?

expand content

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.

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Last updated: Dec 21, 2024 12:15 pm
Listing agent: Julie Tilson (678) 850-0029
Listing provided courtesy of:
Details provided by GAMLS and may not match the public record.
MLS ID: #10425884
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright © 2024 GAMLS. All rights reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,915/mo
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