4521 Flowering Br, Powder Springs, GA 30127
3 beds · 2 baths · 1,835 sqft
**SELLERS ARE OFFERING A $5900 ALLOWANCE for flooring and dishwasher with acceptable offer**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.
Source: GAMLS #10402498
Source: GAMLS #10402498
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: #10402498
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