3381 Grovewood Ln, Duluth, GA 30096
3 beds · 3 baths · 1,939 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This adorable, well maintained house is in a great location near downtown Duluth! Entering, you'll love the spacious open floor plan perfect for relaxation and entertaining. The living area flows seamlessly into the dining space, kitchen, and sunroom creating a warm and inviting atmosphere ideal for gatherings and quality family time. The kitchen is spacious with lots of counter space. Along with additional cabinets (owners are original and had the builder do more than standard) As if the upgraded granite counters and backsplash weren't enough, this kitchen has all brand new stainless appliances! Upstairs, the coveted second-floor loft adds versatility for any of your needs, whether it's a home office, playroom, or cozy reading nook. The secondary bedrooms are nice sized with good closets and a shared hallway bath. You'll love the primary suite, it's oversized with lots of windows and a large walk in closet, the primary bath has a separate soaking tub and shower, again, lots of light and extra cabinetry added for great storage! The backyard is a gardner's delight, there are too many flowering plants to name that have been lovingly added thru the years. Beyond the fence is actually part of the property that is peacefully wooded for privacy, you'll love sometimes hearing the soothing sound of the train beyond the woods but don't fear, the train is not allowed to blow its' horn in the residential area so you may not even notice. This home is in the sought after Chattahoochee elementary school district and a quick drive to the restaurants, shops, breweries and concerts of downtown Duluth. Don't wait, this won't last long,
Source: FMLS #7567224
Source: FMLS #7567224
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.