313 Hill Top Overlook # OVERLOOK, Canton, GA 30114
5 beds · 3 baths · 3,031 sqft
Assumable Loan available with PennyMac at 2.625% Interest Rate, $339,747 Balance, and $1503.94 P&I monthly payment. Buyer must qualify for the assumable loan and pay the difference. This is the home you've been waiting for! Beautiful and Immaculate Home in Sought After Park at Steels Bridge with many upgrades! The Home is one of 5 Cul-de-sac homes that backs up to Steels Bridge. The Interior Offers a Bright Country Kitchen with Stainless Steel Appliances, Granite Counters, Stone Backsplash, Large Island, Walk-in Pantry, and lots of Cabinet Space. Kitchen has a view of the 2-story Fireside Family Room with 2-story Stone Fireplace. Bedroom next to Full Bath. Den/Office and Formal Dining. Journey to the Upper Level with a 3 Bedroom Suite with Full Bath and Laundry Room. Bridge to Master Suite with view of Family Room and Railings with Black Rod Iron. Oversized Master Bedroom with Trey Ceilings. Master Bath offers a separate tub and shower, double vanity sinks, and His/Her Walk-in closets. Exterior features a Brand Spanking New Roof installed November 2024, Irrigation System, long driveway, large front yard, Rocking Chair Front Porch, Side Exterior Door and Walkway From Den/Office, Enclosed Fireside Modern Gazebo with Coffered Ceilings, Covered Open Patio, Pad for Grilling, and Fully Private Fenced Back Yard. Pest Exclusion Service From Northwest Exterminating in Attic, Foundation, Plumbing, and Roof Line. Garage and Patios offer Epoxy Flooring. Hardwood Floors, Granite Counter Baths, and Wired for Surround Sound. Swim/Tennis Community is walking distance to Lake Allatoona Restaurant, Marina, and Beach; Downtown Woodstock, and Outlet Shopping. Canton is 35 Min Northwest of Atlanta. Great Schools and Community. Everything you need is right here!
Source: GAMLS #10414800
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10414800
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #10414800
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.