3817 Bay Orchard Ln, Loganville, GA 30052
4 beds · 4 baths · 2,869 sqft
Price Adjustment! Alluring 2 story home on a cul de sac street giving tranquil vibes!Inviting entry foyer directs you to the left of the house to the half bath and primary bedroom suite.The primary suite has tray ceilings and access to the covered patio, the luxurious primary bath has a spa like feel with his/hers closets, dual vanities, tile flooring, steam shower and a seating area at the window for a view outside.The formal dining room is tucked away to the right of the entry & great room is straight ahead featuring cathedral ceilings and a floor to ceiling brick fireplace with built-ins for evening snuggles while catching glimpses of the 2 breakfast areas, breakfast bar and spacious kitchen with tons of counter & cabinet space,built in bill paying station and enormous pantry.Stainless Wall oven,microwave and venthood and the convenience of a natural gas cooktop.The laundry is coveniently located off the kitchen with ample storage and a mud sink. Upstairs features an in law suite with a private bath, and two secondary bedrooms which share a jack and jill bath suitable for a prince and princess.Catch a glimpse of the great room below from the upstairs balcony,the views are stunning! This home has a side entry 2 car garage and additional room to park in the spacious driveway.Fully sodded front,back and side yard with iron fencing on 3 sides and the neighbors privacy fencing ties in across the back.The backyard is ideal for an ingound pool.Enjoy late night fires around the fire pit. Swim/tennis,lake community with protective covenants & HOA.Show & Sell. 24 Hours notice to show.Caution,pets.Pets (Weimaraners) will be crated when home is shown. Seller will shampoo carpets after move out with acceptable offer. Disclosures are uploaded in MLS docs.Seller prefers cash or conventional buyers.As-is sale.
Source: FMLS #7533244
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Why Roam
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Unlock down payments as low as 5% – only with Roam
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If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7533244
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
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