424 Lake Point Trce, Canton, GA 30114
5 beds · 5 baths · 5,500 sqft
Get a free consultation call with an expert in the mortgage assumption process.
**DONT MISS OWNING AN ABSOLUTE GEM!!! In one of North Georgia's Premier Active Lifestyle Communities. This Home has it ALL !!!! Grand open Foyer entrance !!Literally two Houses in one !!! Private entrances to Basement with two Bedrooms and two full baths !!! First Bedroom has a private entrance and private patio as well. Full kitchen and Bar that both walk out to the *Serene saltwater heated pool* With A Separate Irrigation meter, Making it very affordable for filling pool and running Sprinklers !! surrounded by a patio for grilling and a fire pit for chilling!! The basement could easily serve as potential rental or great space for older children and in laws. Positioned perfectly on Bridgemills Luxurious Golf Course as well as Pristine, Undisturbed Corps of Engineer property and just a short walk away from a secluded Cove on Lake Allatoona. ENORMOUS Kitchen on main level with Breakfast Bar, Granite countertops, Large Butlers Pantry and endless cabinet and counter space. Dine in Kitchen looking out to deck and pool and open to the the kitchen and the Family Room, Office-Den and 12+ seating in Dining room. Extra large Master with his-hers closet , double sinks in master bath as well as second upper bath. Extra large Second bedroom upstairs serves as a secondary Master. Two Car garage with widened drive for direct walk to side door entrance to garage. Whether it's Tennis, Golf, Pickleball or the two-acre Aquatic Park with slides, waterfall Island and a splash fountain, you'll have plenty of options for outdoor and extracurricular activity fun. Fine Dining at Featherstone's Grill in the neighborhood as well as amazing Dining within one mile from your Home**
Source: FMLS #7487033
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: FMLS #7487033
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 of Equal Opportunity Act.