3860 Adams Rd, Cumming, GA 30041
3 beds · 2 baths · 2,374 sqft sqft
Welcome to your dream home! Nestled at the end of a quiet cul-de-sac, the highlight of this property is the prime location with a RARE flat, grass covered backyard overlooking Lake Lanier. A 1/2 an acre of yard to enjoy! The charming 3-bedroom, 2-full bath house offers a tranquil retreat with stunning lake views provided by the full glass windows in great room and the screened porch with a clear view to the single slip dock located in a deep 55' wide no wake cove. This convenient South Lake Lanier location is a quiet tree lined street in an upper scale neighborhood with no HOA. The home features a spacious layout with three well-appointed bedrooms and two full bathrooms, a huge great room, open concept dining room, a front sunroom, and a rear screened porch. The house is built on an unfinished basement, offering a blank canvas for you to customize according to your needs. Whether you envision a home gym, a playroom, or a guest suite, the possibilities are endless. One of the highlights of this property is its prime location overlooking a beautiful lake. Imagine waking up to the sight of sparkling water and ending the day with a stunning sunset view. The property also includes a single slip dock, making it ideal for boating enthusiasts or those who enjoy fishing. This home offers a unique blend of comfort, potential, and natural beauty. It's more than just a house - it's the key to the lifestyle you've been dreaming of. Don't miss out on this opportunity to own a piece of paradise.
Source: GAMLS #10389349
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10389349
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.
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: #10389349
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.