308 DOG FENNEL LN, Perry, GA 31069
Welcome to this stunning 4-bedroom, 2.5-bath craftsman-style home located in the heart of Lake Forest, a family-friendly neighborhood. The exterior boasts charming hardy plank, cedar shakes and stone accents, ensuring this home catches your eye the moment you arrive. The home is complimented by a spacious double garage and an easy to maintain lawn. Step inside to a spacious foyer that opens to an elegant dining room with coffered ceilings and custom trim, perfect for hosting gatherings. The open floor plan seamlessly connects the kitchen to the family room, providing an inviting space for entertaining. The kitchen features granite countertops, a large island, and modern appliances, offering both style and functionality. Luxury vinyl plank (LVP) flooring runs throughout the main level, where you'll also find a convenient laundry room and a half bath. Upstairs, the large master suite awaits offering a peaceful retreat, complete with a spacious en-suite bathroom. Three additional bedrooms and another full bathroom provide ample space for family or guests. Step to the back yard to enjoy a lovely covered back patio overlooking a private backyard, ideal for relaxing and entertaining. With fresh renovations, this home is move in ready and offers everything you need for comfortable living.
You may be able to put down less than the total down payment amount of $147,555 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: #10378051