3555 Waters Cove Way, Alpharetta, GA 30022
3 beds · 3 baths · 2,442 sqft
Nestled in the heart of Alpharetta’s most sought-after and Award Winning Johns Creek High School district, this stunning two-story home offers a blend of modern elegance in a prime location! Located just minutes from Avalon, Downtown Alpharetta, and surrounded by top-tier shopping, dining, parks, and the scenic Greenway walking path, this residence is the epitome of convenience and Luxury. This home has been meticulously upgraded with attention to details! As you enter the home, you are greeted by a two story Foyer that flows seamlessly into the spacious living room and separate dining area, both featuring hardwood floors. The gourmet kitchen is a chef's dream boasting granite countertops and stainless steel appliances and a convenient view into the breakfast area and family room-perfect for entertaining and everyday living! Enjoy year-round relaxation in the Sunroom, complete with custom sliding glass windows that open to the private wooded and fenced backyard. The large laundry room is equipped with a washer and dryer which will remain with the home for your convenience. Upstairs, the owners suite offers a serene retreat with high ceilings and a beautifully updated bathroom, featuring a gorgeous large marble shower and a double vanity. Two additional rooms share an updated bathroom completing the upper level. Located off the popular Waters Road, this home not only offers an unbeatable location but also a serene, private setting. This is a rare opportunity to own a beautifully updated home in one of Alpharetta’s most coveted area! This one will not last long! Hurry!
Source: FMLS #7445212
Source: FMLS #7445212
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: #7445212