3182 CLUB ARROW CT, Snellville, GA 30039
Do not miss this modern and well-maintained dream home! This 2 story home checks all the boxes! Perfectly located in a quiet cul-da-sac in the sought after Springdale Falls community. To start with, this home has a spacious and clean 2 car garage, a 2-level deck with great lighting and steps to access from the front of the home, perfect for entertaining or just a serene and peaceful evening enjoying the outdoors. The interior of this magnificent home also has all the bells and whistles. Freshly painted with upgrades throughout, you will be impressed by how nice this home is. The new porcelain floors capture your attention as soon as you enter the foyer, the living room is bright and airy from the large windows and accommodating for the entire family. Hosting and cooking will be enjoyable in this modern open layout kitchen, with access to the deck, garage, family room and finished basement it will be easy to stay engaged with the entire family or your guests. As you make your way upstairs you will be welcomed by more upgraded flooring throughout, a convenient second-floor laundry room, a huge master bedroom with a luxurious en suite bathroom and spacious walk-in closet. The remaining 3 upper-level bedrooms are also spacious and freshly painted. Lastly, the finished basement makes this home exceptional, more than enough space to use as an in-law suite. This walkout basement boasts a magnificent bonus room, a lavish bathroom with porcelain flooring, a sitting room, a wet bar, additional washer and dryer hookups, outlets for microwave and refrigerator, access to the back patio, a perfect setup for use as a studio apartment. This home embodies the definition of functionality and features.
You may be able to put down less than the total down payment amount of $260,410 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: #10303735