305 ARBOR GARDEN CIR, Newnan, GA 30265
Welcome to The Gardens at Arbor Springs, where luxury and convenience converge in this stunning 4-bedroom, 3.5-bath ranch-style home, tailored for those seeking an elegant yet relaxed lifestyle. This exclusive 55+ enclave, developed by McKinney Builders—a distinguished member of the Southern Living Custom Builder Program—features a collection of 49 meticulously crafted homes designed with both sustainability and elegance in mind. Situated just a mile from I-85 at exits 51 and 56, this premier community offers easy access to North and South travel, making it a gateway to both urban excitement and serene living. Step through the covered breezeway into an entertainer’s dream courtyard, complete with an upgraded outdoor grill, ideal for hosting gatherings or enjoying serene outdoor moments. This meticulously designed home boasts energy-efficient geothermal heating and cooling, ensuring a comfortable atmosphere and sustainability year-round. Inside, you’ll be captivated by the grandeur of vaulted ceilings and the warmth of hardwood floors throughout. The open-concept chef’s kitchen is a culinary haven, featuring a large island with quartz countertops, blue-gray soft-close cabinetry, stainless steel appliances, and a butler’s pantry for additional convenience. Every detail has been thoughtfully curated, from custom blinds to 8-foot doors that enhance the home's elegance. The large primary suite on the main floor is a private retreat, complete with French doors that lead to the courtyard, a luxury tiled bathroom with double vanities, a soaking tub, a seamless glass shower, and an oversized walk-in closet. Two additional well-appointed bedrooms are thoughtfully designed, with a third bedroom above the garage offering an upgraded space which can serve as an office, additional guest bedroom, or private retreat, complete with its own full bathroom. Additional features of this home include a tankless water heater, an irrigation system for effortless HOA-covered lawn care, and keyless entry for added convenience. The Gardens at Arbor Springs provides a wealth of amenities, including a clubhouse, a physical fitness facility, and easy access to I-85, shopping, and dining options. Discover the perfect blend of sophisticated living and modern convenience in this exceptional home. Schedule your private viewing today and experience all that The Gardens at Arbor Springs has to offer.
You may be able to put down less than the total down payment amount of $167,225 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: #7430663