416 Telfair Way, Canton, GA 30115

Absolutely Beautiful Home nestled on a CUL-DE-SAC lot backing up to green space that no one can build on located in prestigious Governors Preserve! This home has so much to offer from when you enter through the front door and step on the hardwood flooring in the 2 story foyer you will view the elegant staircase w/ hardwood steps and soaring ceiling, located on the right will be the lovely, generous size dining room with chandelier just made for entertaining, on the left is a spacious home office or could be used as a living room/ library/ flex space with new hardwood flooring, also could be enclosed with glass doors for privacy, move forward and step into the large, family room with fireplace and plenty of windows to let the light shine through and it's completely open to the eat in kitchen with stainless steel appliances including double ovens, gas cooktop, refrigerator, dishwasher & microwave oven. There is stone countertops and a breakfast bar that will allow for ample seating, pantry, adorable powder room and laundry room with cabinets located off the kitchen, the enormous owner's suite with sitting area, vaulted ceiling and new hardwood flooring is located on the second level of the home, relax in the large tub in the owner's bath which also includes double vanities with stone countertops, tiled shower and flooring, sizable walk in closet, new hardwood flooring in hallway to three other bedrooms that are located on the second level, one connects to a bath with a private single vanity and shared shower, the other two spacious bedrooms have access to a double vanity in the bath with shared shower, Terrace Level "IN-LAW-Suite" has New Finished Areas that allow for multi generational living and include a huge bedroom with bookshelf and sitting area, beautiful bathroom with single vanity & mirror, amazing tiled shower, flooring and spacious closet. The living area with the wall of bookshelves and windows, eating area and kitchenette area with "NEW SINK" that was recently installed, refrigerator, cabinets and wooden countertops where a microwave or toaster oven may sit were finished previously, there is an unfinished room that could be used for storage or small workshop, mechanics room with 2 hot water heaters, walk out on the patio in the backyard next to the pretty garden area and up the new steps to the beautiful new deck w/new railing/lights, great place for friends and family to gather while cooking out! Included is a whole house Generac generator, irrigation system with rain/temperature sensor that services front and back yard, Small cleanup area with cabinets and sink located in 2 car garage, newer roof, alarm system, security cameras, ring doorbell, nest thermostats, you don't want to miss this home! Amenities Include: Swim, Tennis, Playground, Basketball Court, Clubhouse & Walking Trails By The Etowah River, Located Near Restaurants, Northside Cherokee Hospital And Major Interstates.

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

• Buyers
• Agents
• Sellers

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.

Last updated: Nov 19, 2024 06:14 pm

Listing agent: Donna Jo Bailey (404) 840-1510

Listing provided courtesy of:

Details provided by GAMLS and may not match the public record.
MLS ID: #10344060

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