3524 BEAVER SWAMP RD, Loganville, GA 30052
Come and check out this Beautiful Well maintained home that's bound to catch your eye! Sitting on 8,000 sqft of lot in the quiet community of Shannon Lakes, this 5 Bedroom & 4 Bathroom home has a total sqft of 3,753 with 3,043 sqft being climate controlled. As you approach the home, you'll be greeted with a generous sized covered front porch that is perfect for outdoor lovers! Entering the Foyer, you'd be mesmerized by an 8 feet tall Chrystal Chandelier that's used to set the tone of this beautiful home. The first level consists of a guestroom with an attach bathroom, a living room with a wood burning fireplace. A formal dining room and an office/recreational room. As you enter the Kitchen, you'd noticed that there's a lot of cabinet space for those that love to cook and a dinette area to keep eyes on the kids. Attached to the kitchen is a large deck that extends the outdoor living and provides an excellent view of the lake and passing wildlife during the fall to winter months. The trees were recently cut down, so the yard can be extended 40 feet to the property line to increase yard space for those who'd want to get creative. The upper level consists of 4 bedrooms, 2 of which is joined by a Jack & Jill bathroom that is ideal for younger kids and a separate Bedroom with private bath for an older teen/adult. Finally, the Master Suite! The master suite has a total of 872 sqft which is larger than most one-bedroom apartments. There is a separate Sleeping area that 18' x 17' with an Electric Fireplace. A second area that's 20' x 15' which is used as the King & Queen after hours private living room and master bath and master closet to match. YOU HAVE TO COME SEE IT FOR YOURSELF!
You may be able to put down less than the total down payment amount of $247,146 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: #10324426