403 Sandown Dr, Peachtree City, GA 30269
4 beds · 2 baths · 2,024 sqft
Welcome to this charming four-bedroom, two-and-a-half bathroom home in the desirable community of Peachtree City. This well-maintained property greets you with an inviting front rocking chair porch, perfect for enjoying peaceful evenings outdoors. Recent updates include fresh interior paint, new carpet and flooring throughout, and newly installed gutters. Step into the foyer, where the family room sits to one side and the dining room to the other. The cozy living room features a beautiful brick fireplace and a sliding door that opens to the patio, prefect for outdoor entertaining. The spacious kitchen boasts new granite countertops and includes a convenient breakfast area. Laundry in mudroom with storage space. All four bedrooms are located on the second floor, including the primary bedroom which offers his-and-her closets and a newly renovated ensuite bathroom featuring a modern vanity and updated shower. A unique feature of this home is the temperature-controlled storage room in the garage, which could easily serve as a home office space. No HOA! Located in the desirable McIntosh school district with convenient access to golf cart paths, shopping centers, and local parks. Schedule your tour today!
Source: GAMLS #10482365
Financials
Source: GAMLS #10482365
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.