3555 WATERS COVE WAY, Alpharetta, GA 30022
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!
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: #10365888