4384 Grove Lake St, Loganville, GA 30052
5 beds · 4 baths · 3,982 sqft
STOP THE CAR and Step into luxury living in the coveted Shady Grove Plantation Community with this remarkable 5-bedroom, 4-bath residence! Welcomed by a charming rocking chair front porch, the grandeur of this home unfolds as you enter the 2-story foyer adorned with gleaming hardwood floors. Entertain effortlessly in the open floor plan featuring a spacious family room seamlessly connected to the gourmet kitchen boasting granite counters, new appliances, a cozy island, and ample cabinet space, perfect for hosting gatherings. The main level offers added convenience with a large bedroom and full bath, ideal for visiting in-laws or guests. Ascending upstairs reveals a cozy loft drenched in natural light and an oversized master suite adorned with trey ceilings, a spacious sitting area separated by gorgeous barn doors, and a luxurious master en suite complete with double vanities, separate shower, large soaking tub, and a walk-in closet. Two additional bedrooms ensure everyone has their own space. Venture downstairs to the finished basement, an Entertainer's dream, boasting additional flex space or a 5th bedroom, a full bath, a workout area/gym, a game room, a large rec room with a pool table and bar area, and a full theater room where movie nights come to life! Outside, enjoy the tranquility of the large fenced-in lot with a covered patio and cozy outdoor area. Situated in a great location, you have the option of Gwinnett County Schools or permissive transfer to Walton County Schools, LCA, or Hebron. This home truly has it all and MUST be seen to be fully appreciated. Don't miss out - schedule your showing today before this beauty is gone!
Source: GAMLS #10294573
Source: GAMLS #10294573
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: #10294573