3759 SW Ridge Bluff Overlook, Gainesville, GA 30507
4 beds · 4 baths · 2,760 sqft
Custom-Built home that exudes charm and modern elegance! Truly a home that must be experienced in person. Once I entered this amazing home for the first time, I felt very welcomed, a sense of warmth and downright COZY! I am sure you will too! As you step inside, you will notice the open-concept floor plan perfect for entertaining family and friends. The gourmet kitchen with a walk in & Butler’s Pantry features granite countertops, a spacious island with bar settings, stainless steel appliances, and a custom-built hood vent constructed from antique wood dating back to the 1800s. The living room impresses with coffered ceilings, a cozy fireplace, and large windows that fill the space with natural light. Hardwood floors throughout the home, designer lighting, shiplap accents, wainscotting, creating a balance of luxury and comfort. The entries to the main level bedroom and bathroom were designed bigger than normal for special situations. Upstairs you will find an oversized master bedroom suite with a spacious sitting area designed in such a way that you will wish it would snow and stay snuggled in for the winter. Custom designed bunk beds to accommodate any guest. An oversized loft area that can be used as a secondary living room or movie room. Enjoy your amazing covered back patio with custom built Argentinian grill that burns both wood and gas. Truly an oasis to be enjoyed all year long. Home comes with a special HVAC unit with UV lights and oxidizer. Home can accommodate a backup generator. Too many features to list. Please, do yourself a favor and come see this home! This wont last long.
Source: FMLS #7487650
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7487650
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: #7487650
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.