4521 FLOWERING BR, Powder Springs, GA 30127
This is the most liveable community you can find this close in location. Front porches and visiting is what you see when you drive down the cottage like village. The Clubhouse is often filled with neighbors having breakfast or card playing or supper. The pool is so inviting you will enjoy sitting outside and either swimming or sitting under an unbrella for shade. A delightful life for all. This cottage has an open floor plan with large den area with fireplace and lots of windows. Kitchen is open and dining room is off to the other side. The pantry is large walk in with lots of shelves. Refrigerator, stove, gas cook top and dishwasher and lots of cabinets in Kitchen. We have 4 large sliding glass double door to open on to the great room, kitchen and master bedroom leading to patio the is open on one end and under shelter on the other. Fence on front and back so if you have an animal they can run in and out thru these open doors. The 3RD bedroom is a flex room but you can add doors and closet if you need thire bedroom but most people use it as a flex room that you can have an office, small den, exerise room or a reading room with a sofa bed for someone when they want to stay a few days. We have new carpet just added in all three rooms and the rest of the house has the hardwood floors that give us an upgraded look. Washer and Dryer are located behind kitchen and close to Main Bedroom. Main Bedroom is large enough for king bed or a couple of chairs. Large walk in closet and Main Bathroom has tub and Seperate Shower and double vanities. Down the hall we have a two car garage and a storage area or a workshop area. Also pull down attic stairs for additional storage and furance 2018 and hot water heater 2022 according to stamps on units. This is an Estate Sale so executor has never lived in house so no Sellers Disclosures and information is on units.
You may be able to put down less than the total down payment amount of $176,698 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10344683
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.