3450 Merganser Ln, Alpharetta, GA 30022
5 beds · 5 baths · 3,398 sqft
This stunning home offers an abundance of space, thoughtful upgrades, and exceptional curb appeal with lush landscaping and gardens! Step into a grand two-story foyer, where beautiful millwork and hardwood floors flow throughout the main level. The elegant formal dining room, accented by columns, chair railing, chandelier, and a butler’s pantry, comfortably seats 12—perfect for hosting. Soaring ceilings and skylights create a breathtaking atmosphere in the formal living room, an ideal space for entertaining. The open-concept family room features vaulted ceilings, built-ins for displaying treasures, and an abundance of natural light. The stylish kitchen boasts a spacious island with seating, tile backsplash, stainless steel appliances, built-in desk, coffee bar, granite countertops, and a bright breakfast room with serene backyard views. A large laundry room is conveniently located nearby. The main-level primary suite is a private retreat with tray ceiling, a luxurious en-suite bath featuring dual vanities, soaking tub, separate shower, and a generous walk-in closet with built-in shelving. Upstairs, 4 oversized secondary bedrooms each offer walk-in closets and en-suite baths—two with private baths and two sharing a Jack-and-Jill layout. Need even more space? The partially finished basement provides a vast open area with durable tile flooring, perfect for a media room, home office, gym, or playroom. Additional unfinished space offers endless possibilities, with easy backyard access for added convenience. Step outside to a fenced yard that backs to peaceful woods, ensuring the ultimate in privacy. The flat lawn, upper gardens, and mature trees provide a picturesque setting, while the expansive wraparound patio leads to an additional patio slab and fire pit—ideal for outdoor gatherings. Enjoy community amenities including pool, tennis, and basketball! This exceptional home truly has it all!
Source: FMLS #7549680
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: FMLS #7549680
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.