3287 Shady Valley Ln, Loganville, GA 30052
4 beds · 3 baths · 2,184 sqft
Nestled in the desirable Wrenwood Hills subdivision of Gwinnett County, this stunning 4-bedroom, 2.5-bathroom brick and frame home is a true gem. From the moment you step into the inviting foyer, you'll feel right at home. The thoughtfully designed floor plan includes a spacious 2-car garage and an array of desirable features such as soaring 9 ft ceilings on the main floor, Cathedral Ceilings, and Low Flow Plumbing Fixtures. Gleaming hardwood floors grace the main level, while plush carpet and tile are found throughout. The great room boasts a cozy fireplace and a charming bay window, while the formal dining room and eat-in kitchen offer ample space for entertaining. The kitchen is a chef's delight with quartz countertops, a breakfast bar, and sleek stainless steel appliances. The expansive master suite includes a relaxing sitting area, his and her closets, plus an additional shoe closet. The luxurious ensuite bath features a quartz vanity, a separate jetted tub, and a walk-in shower. All secondary bedrooms and bonus living spaces are thoughtfully placed within the home for privacy and convenience. Recent updates include a new roof, HVAC system, and hot water heater in 2022. Situated on a large corner lot with a fenced backyard, this home provides the perfect setting for private gatherings. Located in a quiet neighborhood within an excellent school district, this property offers both comfort and convenience for your family’s lifestyle. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home. Make it yours today!
Source: FMLS #7547230
Financials
Source: FMLS #7547230
Source: Public records
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%. 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.
Other resourcesWhat 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.