3874 Amberleigh Trce, Gainesville, GA 30507
7 beds · 4 baths · 4,934 sqft
Owner/Agent. Nearly 5000 SQ FT! *Seller is Contributing $2500 in Seller Credit with FULL Price Offer!* PLUS with our preferred lender, you'll receive $500 lender incentives towards your closing costs or a rate buydown, total $3000! This Open and Spacious Home Offers 7 Bedrooms, 4 Full Bathrooms, and 2nd Kitchen in the Basement! 1 Year Home WARRANTY! Recently Remodeled in 2022, with professionally painted white cabinets, white black distressed tile backsplash, all stainless steel appliances (refrigerator and basement refrigerator (2022) stay with the home, washer and dryer also stay with the home), new dishwasher 2022. Granite countertops in main kitchen and basement kitchen, PLUS 42 inch cabinets in main kitchen and basement kitchen! All New Light fixtures thru out whole house, and even exterior lights. New faucet in kitchen, 2nd floor bathroom, and basement kitchen! NEW Interior Paint 2022, NEW water heater Feb 2022. NEWER ROOF Dec. 2020! FIRST FLOOR 9 Foot Ceilings and 2 Story Foyer and Living! Tile fireplace in family room! LOFT on 2nd Floor! Basement offers lots of storage, great for a mother-in-law suite or multi generational house, has 2 bedrooms, kitchen, full bathroom, open large family room, and big storage room. Master is upstairs, double sinks, his and hers closets, tub, separate shower, double door entry. SPRINKLER in Front Flowerbed! Brick Front Craftsman Style Home, with Real Cedar Accents (painted white), Hardiplank / cement siding! Lot is Larger since it is on the corner! New Gainesville Middle West School! Don't miss out on this amazing home with tons of space for everyone to grow in a SWIM AND TENNIS COMMUNITY WITH KIDDIE POOL!! PLUS, a Community Playground!
Source: FMLS #7495511
Financials
Source: FMLS #7495511
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.