4230 River Club Dr, Cumming, GA 30041
5 beds · 4 baths · 3,668 sqft sqft
In the heart of Chattahoochee River Club, this elegant sun-filled home is quite unique. Just across from the neighborhood park with so many amenities, the home has many mature trees on more than a half acre of a flatter corner lot. All evergreens in the back are part of the property. All entries to the home are flat, no steps! Its long 12-ft high front entrance gallery has stunning arches, three front rooms with high ceilings, and a beautiful custom guest bathroom. A large formal dining room boasts an impressive decorative tray ceiling, marbled painted walls, wainscot & crown molding. The large master suite is at the rear of the main, and has his & her bathrooms and his & her walk-in closets, high tray ceilings, and a windowed sitting area. Just outside the master is the laundry room with cabinets and its own closet, and it comes with a deluxe front loading W&D. The main floor has 2 additional bedrooms, including the guest suite with its own bathroom, decorative double vanity, a walk-in closet, and a delightful park view. At the center of the home is a grand family area with an 18-ft stone stacked gas fireplace to its side and built-in cabinetry. It has a rear facing wall of high arched windows filled with evergreens and sunshine. So peaceful is the view with birds drawn to the waterfall. The large gourmet kitchen has granite counters with designer backsplashes, 2 breakfast bars, an island, stainless steel appliances, recessed lighting, and under cabinet lighting. To one side is an informal dining area with a south facing bay window. In the connecting corridor to the family area are 2 walk-in pantries and a dry bar with lighted cabinets. Upstairs are 2 additional bedrooms also with park views, a shared bathroom, and plenty of extra unfinished storage space over the garage. Community amenities include a clubhouse, 6 lighted tennis courts, basketball court, playground, 3 pools, and a fitness center. Wooded trails, fishing ponds, oak lined streets with sidewalks grace this friendly family neighborhood!
Source: GAMLS #10368749
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10368749
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: #10368749
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