317 YOUNG JAMES CIR, Stockbridge, GA 30281
Welcome to your dream home, a stunning 4-sided brick oasis that perfectly blends luxury with comfort. Nestled in a sought-after community, this property is charming and spacious with a 3 car garage. As you step inside, you'll be greeted by natural light that dances across the living spaces. The large kitchen has ample counter space, and an inviting island, perfect for gatherings with family and friends. Adjacent, the sitting room and formal dining area provide an atmosphere for hosting intimate dinner parties or casual family meals. With six spacious bedrooms and five well-appointed full bathrooms, this residence ensures everyone has their own personal retreat. The true gem of this home lies below-an incredible entertainer's basement that is sure to impress. Here, you can immerse yourself in movie nights with your own dedicated theatre, for an unforgettable cinematic experience. Just beyond, an impressive stage beckons for impromptu performances or a space to showcase your talents. The built-in custom bar is the perfect spot for mixing up cocktails as you entertain guests, while the additional room and bathroom ensure convenience and comfort for gatherings of any size. In addition there is a private, fenced-in yard with a deck -an oasis for outdoor relaxation and play. Whether you're hosting summer barbecues or simply enjoying quiet moments in the sun, this space offers limitless possibilities. Don't miss your chance to own this captivating home that balances elegance and functionality, all while being perfectly situated in one of the area's most desirable communities.
You may be able to put down less than the total down payment amount of $219,555 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: #10375599