3747 GARDENWICK RD, Powder Springs, GA 30127
Home sweet home! This beautiful three-story 4-bedroom, 3.5-bathroom townhome with two-car garage is ready for you! An open-concept first floor boasts natural light and stunning hardwood floors that take you from the wide foyer to the spacious kitchen. Kitchen features include granite countertops, 42" cabinets, a large island, and a walk-in pantry. Open dining room has views to both the kitchen and large living room. Living room fireplace keeps things cozy on chilly nights. Walk upstairs to find a loft that can be whatever you need it to be: office, flex space, game room, or playroom! Next up is the oversized primary suite with tray ceilings, space for a seating area, a desk, or just that extra room to make it feel luxurious. In the ensuite find a double vanity, a separate shower and soaking tub, and of course, what's a primary suite without a walk-in closet?! Also upstairs are two secondary bedrooms and a guest bathroom. We can't forget the spacious finished terrace level which includes an oversized 4th bedroom with full bath, and a rec room. At just over two years old, this home is like new! Sweetwater Landing is a picturesque community with sidewalks that lead to the clubhouse, playground, and pool; all with plenty of parking for guests. Schedule a private showing today! This is a potential short sale. All offers subject to mortgage company's approval.
You may be able to put down less than the total down payment amount of $0 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: #10354337