3875 Valley View Ct, Gainesville, GA 30501
3 beds · 2 baths · 1,506 sqft sqft
Owner's suite on the main floor. This very nice 3-bedroom townhome has been gently lived in for the past few years. It is conveniently located in Gainesville near shopping, schools, entertainment, and the lake. It is minutes from everything you would need: Kroger, Chick-fi-la, Taco Mac, Senior Fiesta, and so much more. Downtown Gainesville is just another hop and skip away. The home is move in ready with a modern color palette and a well-kept, maintenance free exterior (the HOA is responsible for it… this saves you on future maintenance cost). It has 3 bedrooms and 2 ½ -bathrooms, and is located on an isolated loop just off the main subdivision road with minimal traffic. Inside you will enjoy an ample kitchen and living area. The kitchen has plenty of cabinets, and the pantry and laundry area are just off the kitchen. There is large living area with room for your favorite furniture where you can really spread out and enjoy being at home. The owner's suite and bathroom are on the main floor. On the main floor there is a half bath. Additionally, there are two bedrooms, and a shared full bathroom upstairs; they have seldom been used by the owner. and a Upstairs would be a great place for the kids, company, or a nice home office. The HOA maintains the lawn; you have no outdoor responsibilities. This place is a must see, call today!
Source: FMLS #7402637
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7402637
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: #7402637
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