3385 Tanager Ct, Cumming, GA 30041
3 beds · 2 baths · 2,288 sqft
Fabulous East Facing Home in the Avington Community of South Forsyth County! Best schools, Brookwood Elementary, South Forsyth Middle, Lambert High School. This 3 bedroom, 2.5 bath home boasts an additional loft/flex space upstairs, a privately fenced back yard, and the genuine feel of a comfortable, peaceful home. Entertain on the quaint front porch and oasis back yard. Thoughtful kitchen updates and open concept dining create a special gathering place for all. The bright, open, updated fireside living room awaits you each morning and evening. Upstairs, find a bonus flex space for an office, play room, exercise area, art/music room or additional living room/den. Improvements: New LVP flooring and shiplap wall treatment in living room ~new appliances and disposal in 2022 ~updated kitchen fixtures, lighting, exterior paint 2023 ~new fencing 2022 ~roof replaced and HVAC compressors 2019 ~custom faux wood blinds, duct cleaning w/installation of germicidal UV light, coil cleaning/disinfecting, and new attic insulation (R489 value) added 6/2024. Community features: Swimming pool, 2 tennis courts, 4 pickleball Courts, playground, dog park, and large events field. Walking distance to major retailers and restaurants. Easy access to Medlock Bridge/Peachtree Pkwy, HWY141 and GA400. Convenient to Johns Creek, Alpharetta, Milton, Dunwoody, Peachtree Corners. Close to Emory Johns Creek Hospital and Northside Hospital Forsyth and Children's Health Care of Atlanta Emergency Center, and Forsyth Fire Station #6. Shop The Collection, Halcyon, Avalon in minutes. Come see it, fall in love, and make 3385 Tanager Ct. your new home today!
Source: FMLS #7443997
Source: FMLS #7443997
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: #7443997