3385 TANAGER CT, Cumming, GA 30041
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!
You may be able to put down less than the total down payment amount of $289,001 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: #7443997
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.