293 ORCHARD TRL, Canton, GA 30115
Welcome to 293 Orchard Trail! Not only is this meticulously maintained home move-in ready, but it also looks and feels like new! Located towards the end of a cul-de-sac in the desirable Cagle Heights subdivision and a highly ranked school district, this beautiful property exudes quality and craftsmanship. From its professionally landscaped yard to its impeccable interior, this home has been primed for its new owners to make it their own. Upon entering the foyer from the covered rocking chair front porch, you'll love its open layout, high ceilings, gleaming LPV flooring, premium wainscoting, and sectioned dining area with gently sloped archways, stately columns and an eye-catching coffered ceiling. Its eat-in kitchen is an entertainer's dream, featuring beautiful granite countertops, spotless stainless steel appliances, white shaker style cabinetry, under cabinet lighting, and a stylish subway tile backsplash. It also comes with a nice granite covered island, the convenience of double ovens, and direct views into the spacious family room and out at the sizeable fully fenced backyard, so what's not to love? Leading to the upper-level is a staircase with wrought iron spindles, which ushers you into the bonus living space in the flexible open loft. Each of the three generously sized secondary bedrooms are upstairs and share a huge hallway bathroom that features dual vanities and extra storage space. The crown jewel of the home is its owner's suite. Privately tucked away opposite the secondary bedrooms, this spacious retreat has a large dedicated sitting area, an oversized shower, separate soaking tub, dual vanities, a private toilet room, and a mile long closet! Accentuated by beautiful tray ceilings with crown molding inside and out, this space also comes with a huge walk-out balcony to enjoy morning coffee or relaxing evening down-time. Out back, there is plenty of space for cookouts, play dates, green thumbs, you name it! Plus, the extended patio slab is large enough to comfortably seat the gang away from the pit boss's handiwork. Be sure to visit the community recreation area including a large pool and playground. Conveniently located near schools, parks, shopping, dining, and I-575, this beautiful home is a definite must-see!
You may be able to put down less than the total down payment amount of $248,419 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: #10372605
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.