3712 Berkeley Xing, Duluth, GA 30096
2 beds · 6 baths · 1,232 sqft
Location, Location, sought after Berkeley Lake is the ideal location for navigating greater Atlanta. Just recently the Seller has freshened the home with new carpet and new paint. So if you have visited the home already please go back take another look and see this amazing home again! If you are visiting for the first time you are sure to be inspired by the recent updates. Upon stepping through the front door, you are immediately enveloped in an atmosphere of warmth in the foyer. Transitioning from the living room, you will discover the heart of the home; an open-concept kitchen and dining area. The kitchen appliances include a state-of-the-art refrigerator and a professional-grade stove. Ample cabinetry and counter space ensure that both storage and preparation are effortlessly cared for, making this kitchen both practical and enticing. Adjacent to the kitchen the home flows seamlessly into a cozy family room that provides the perfect backdrop for relaxation, complete with a log burning fireplace that adds a touch of warmth and charm on cooler evenings. Venture further through the residence, and you will find two well-appointed bedrooms, each designed with individual vanities, a tub and shower. Secondary bedrooms are inviting, with large windows that flood the rooms with light and sufficient closet space. Each bedroom room maintains a comfortable tranquil atmosphere, ideal for restful nights. The interior of the home flows seamlessly into the outdoor spaces. Additional features of this residence include a designated laundry area, and smart technology(ADT Home Security System) that's being offer to the new homeowner should they want to maintain it at their expense. This property provides a rare opportunity to own a home in a prime location that offers great attention to detail. Finally, the home offers almost new kitchen appliances, HVAC and Furnace; these are all about 3 years old.
Source: FMLS #7518557
Financials
Source: FMLS #7518557
Source: Public records
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%. 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.
Other resourcesWhat 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.