4086 Norton Pl SE, Smyrna, GA 30082
5 beds · 4 baths · 5,147 sqft
Get a free consultation call with an expert in the mortgage assumption process.
(Vivint Security cameras indoor and outdoor.)** Incredible value at approximately $139 per sqft! Updated and Move-In Ready in the King Springs Elementary district! This 5 beds, 4 baths light-filled charming Cape Cod is approximately 5000 sqft that includes a finished basement and a second kitchen. Heritage Mill is a quiet community with no HOA, and this property has mature blueberry bushes and a private access in the backyard to the famous Silver Comet Trail (The trail is paved and well marked with signage including: mileage, food and places of interest. There are security cameras on parts of the trail and many trailheads include rest areas. This trail is perfect for those that enjoy biking, walking and running). New retaining wall and Irrigation system in the front yard, Water heater replaced in 2022, Garage doors replaced in 2023. MAIN LEVEL: 2 story foyer, formal living room with custom build-in cabinets/shelves/desk, formal dining room, updated flooring throughout, fresh coat of paint, updated lighting and plumbing fixtures, Master bedroom with fully updated bath featuring an over-sized shower glass enclosure and soaking tub. Another secondary bedroom on the main level (great versatility that can function as guest room, nursery, office, craft room..etc) and an updated full bathroom with skylight window is just across from the hallway. Family room with cozy fireplace and access to the rear deck. Updated white kitchen with additional peninsula seating by the breakfast area, quartz countertop, SS appliances, new rangehood, plenty of cabinet space, large walk-in pantry. UPPER LEVEL: 2 bedrooms with an updated Jack & Jill bathroom, large walk-in closet, a finished bonus extension of the bedroom that can function as a recreation space, living room, theatre..etc. There are additional unfinished storage rooms. BASEMENT: Large recreation/theater room with new build-in cabinets, recessed lights. A Guest apartment that can be an income producing rental with updated flooring, a full kitchen, screened-in patio, living room/dining area, 1 bedroom, 1 full bath and laundry area. Fitness gym with updated lighting and a manual garage door for great ventilation during your workout session. Enjoy quick access to Smyrna Market Village, Truist Park, Costco, Cumberland Mall, Restaurants, shops, I-285/I-75 and Hartsfield Jackson International Airport! Don't miss this one! *Please note that 4060 Norton Place SE, a ranch without basement at approximately 2590 SqFt. was sold for $680k on 9/30/2024 with just 7 Days on the Market.
Source: GAMLS #10496963
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10496963
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.