1 of 19
$250,000

392 Teal Ct, Roswell, GA 30076

2 beds · 2 baths · 901 sqft sqft

|| NO RENT RESTRICTIONS || FULLY FURNISHED OPTION || || SMOKE-FREE & PET-FREE HOME || || THREE POOLS & TENNIS COURTS || || WALKING TRAILS NEAR CHATTAHOOCHEE RIVER & VICKERY FALLS || || EXCELLENT SCHOOL DISTRICT || || COMMUNITY EVENTS: FOOD TRUCKS, TENNIS TOURNAMENTS, YOGA CLASSES || **What You'll See** Imagine waking up every day to a NATURE LOVER'S PARADISE! This GORGEOUS CONDO is nestled in a serene community surrounded by lush greenery, with SCENIC VIEWS of the CHATTAHOOCHEE RIVER and VICKERY FALLS just minutes away. The OPEN AND FLOWING FLOORPLAN allows natural light to cascade through the windows, creating a bright, airy space. Outside, you'll see SPARKLING POOL, WELL-MAINTAINED TENNIS COURTS, and WALKING TRAILS that wind through the community, inviting you to enjoy an active lifestyle. Whether you're taking in the BREATHTAKING VIEWS from your window or exploring the VIBRANT OUTDOOR SPACES, this home offers a visual feast for the eyes. **What You'll Hear** Picture yourself in this tranquil, smoke-free, and pet-free condo, where the only sounds you'll hear are the calming whispers of the wind through the trees and the gentle trickle of water from nearby VICKERY FALLS. The QUIET AND PEACEFUL home ensures restful nights and peaceful mornings, with only the sounds of nature to greet you as you sip your morning coffee on the patio. Step outside to the lively sounds of COMMUNITY EVENTS the cheerful chatter of neighbors enjoying FOOD TRUCK FRIDAYS or friendly competition on the TENNIS COURTS. **What You'll Feel** Feel the comfort of a home that offers a perfect blend of style and function. The UPGRADED INTERIOR provides a smooth, tactile experience with HIGH-QUALITY FINISHES throughout. Enjoy the sensation of stepping into a cool, refreshing pool or the exhilaration of a brisk walk along the COMMUNITY TRAILS that lead to CHATTAHOOCHEE RIVER. The convenience of a FULLY FURNISHED OPTION means you can feel right at home from day one. Participate in YOGA CLASSES to stretch and breathe, or feel the thrill of a TENNIS TOURNAMENT with neighbors. This home is designed to engage all your senses and promote a fulfilling, active lifestyle. **What You'll Experience** Experience the best of both worlds with this TRANQUIL CONDO located in Roswell's premier neighborhood. This property is not just a home; it's a lifestyle choice that promotes wellness and community engagement. With its EXCELLENT SCHOOL DISTRICT and PROXIMITY TO NATURE including CHATTAHOOCHEE RIVER and VICKERY FALLS you'll have easy access to outdoor activities, enhancing your quality of life. The SAFE AND SECURE NEIGHBORHOOD offers A POOL, TENNIS COURTS, and WALKING TRAILS. With COMMUNITY EVENTS like food trucks, yoga classes, and social gatherings, you'll find countless ways to connect with your neighbors and enjoy a vibrant community lifestyle. This condo comes with the option to be FULLY FURNISHED, making the move seamless and stress-free. This is the ideal setting for anyone looking to blend luxury with convenience and a sense of belonging. This home is a rare find in a highly desirable community don't miss your chance to make it yours and start living your best life today!

Interest rate 3
2.9%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$674
With Roam
$979
Reduce your monthly payments by $305 when you assume this mortgage.
You also save $94,711 in total interest paid.

$103,000
Edit

You may be able to put down less than the total down payment amount of $103,000 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
901 sqft
Lot size
0.021 acres
Year built
1984
Type
Condominium

Source: GAMLS #10391918

Loan
Remaining term
25 years, 10 months
Rate
2.9%
Monthly P&I
$674
Remaining loan balance
$146,999

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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.

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Last updated: Oct 23, 2024 06:05 pm
Listing agent: Rhonda Duffy (678) 318-3613
Listing provided courtesy of: Duffy Realty (678) 318-3613
Details provided by GAMLS and may not match the public record.
MLS ID: #10391918
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright © 2024 GAMLS. All rights reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$674/mo
View details