2820 Ashton Tree Ct, Dacula, GA 30019
4 beds · 3 baths · 4,000 sqft
ASSUMABLE VA LOAN with a rate under 3%. This beautifully renovated residence is nestled in a highly sought-after school district and is close to just about everything. The thoughtful updates throughout the home ensure modern living with a touch of elegance. Step inside to discover an open-concept layout that seamlessly blends style and functionality. The spacious living area features abundant natural light, enhancing the warmth of the brand-new flooring. The chef’s kitchen is a true highlight, boasting NEW STAINLESS STELL modern appliances, sleek QUARTZ countertops, and ample cabinet space, ideal for culinary adventures. Retreat to the luxurious primary suite, complete with a stunning ZERO ENTRY SHOWER in the spa-like bathroom, designed for accessibility and comfort. Additional bedrooms are generously sized, offering plenty of space for everyone. Enjoy the flexibility of an optional HOA, allowing you to choose your level of community involvement while benefiting from the well-maintained surroundings. Outside, the FENCED IN landscaped yard provides a perfect setting for outdoor entertaining or quiet relaxation. UPGRADES DONE INCLUDE NEW ROOF, NEW ENERGY EFFICIENT WINDOWS, NEW HVAC, NEW HARDWOOD FLOORS ON THE MAIN LEVEL, UPGRADED BATHROOMS, COMPLETE KITCHEN REMOODEL, ALL NEW CARPET IN THE BASEMENT, 2 ADDITIONAL BEDROODMS AND FULL BATH IN THE BASEMENT Don’t miss this exceptional opportunity to own a move-in-ready home in a vibrant community with top-rated schools. Schedule your showing today!
Source: FMLS #7477958
Source: FMLS #7477958
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.
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.
How can you find assumable mortgage listings?
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?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.