3129 Rock Pine Way, Snellville, GA 30078
3 beds · 2 baths · 1,350 sqft
Welcome to this charming and inviting residence that perfectly blends comfort and style. The exterior features a welcoming front porch adorned with decorative railings, offering a lovely spot to enjoy the serene surroundings. The manicured lawn is complemented by well-placed shrubbery, enhancing the curb appeal of this delightful home. A spacious driveway leads to a convenient garage, providing ample parking, while additional space accommodates multiple vehicles. As you step inside, you are greeted by an open floor plan that seamlessly connects the living area to the dining space. The cozy living room boasts a beautiful stone fireplace, perfect for those chilly evenings. Natural light floods the space through large windows, highlighting the warm color palette of the walls, and creating a cozy ambiance. Adjacent to the living area is a well-appointed dining area that comfortably seats family and friends. This space flows effortlessly into the kitchen, which is designed with functionality in mind. The kitchen features modern appliances, generous cabinetry, and a charming breakfast bar, making it the ideal setting for culinary enthusiasts. The home offers several spacious bedrooms, each designed for relaxation and tranquility. The master bedroom is inviting, featuring large windows allowing plenty of natural light. It is an ideal retreat after a long day. The additional bedrooms are equally spacious and suitable for family, guests, or even a home office. The bathrooms are thoughtfully designed with convenient fixtures and tasteful finishes. They include all necessary amenities, ensuring comfort and practicality for daily routines. The hallway extends toward additional rooms, providing functional space for storage and utility. Outdoors, the property boasts a generous yard area, perfect for gardening, entertaining, or simply enjoying the outdoors. The back of the house is complemented by additional space for relaxation or outdoor gatherings. This home is not just a place to live; it is a comfortable sanctuary where memories are made. With its combination of style, space, and functionality, it caters to a variety of lifestyles, making it a perfect choice for families, professionals, or anyone looking for a welcoming place to call home. Do not miss the opportunity to experience this exceptional property firsthand.
Source: FMLS #7531008
Financials
Source: Public records
Source: FMLS #7531008
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.