3747 Gardenwick Rd, Powder Springs, GA 30127
4 beds · 3 baths · 2,580 sqft sqft
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.
Source: GAMLS #10354337
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10354337
Source: Public records
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: #10354337
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.