4550 Big Rock Ridge Trl SW, Gainesville, GA 30504
4 beds · 3 baths · 2,683 sqft
Here is your chance to have a like new home in the beautiful Mundy Mill subdivision!! This homes exterior is upgraded with stone, cedar shake hardi-plank and a lovely front porch to greet you and your guests. Upon entering the main level you realize even more of the attention to detail - hardwood floors with an open floor plan AND two flex spaces that could be used for office, den, dining room, playroom, excercise room, etc...add doors if you want even more privacy. The kitchen and family room are connected with an angled fireplace that gives a very custom look to the room. The large island, many cabinets, and gas stove create a great area to cook, entertain or for family to gather. There is also a guest bath and mudroom to store backpacks, coats and other items you want to keep out of sight. ALL rooms have abundant natural light through the many windows and glass doors - the back double glass doors lead to the COVERED patio in the private backyard which gives you great outdoor living space. Upstairs you have 4 large bedrooms with the master bedroom being oversized with TWO walk-in closets, double vanites and an oversized shower! The laundry room is thoughtfully placed upstairs to easily do the laundry without going up and down the stairs. The community is also well planned with sidewalks, street lights, pool, tennis courts, clubhouse and playground for all to enjoy. Schools, shopping, dining,Lake Lanier and HWY 985 are just minutes away yet you feel like you have retreated from the hustle and bustle when being in your home at Big Rock Ridge Trail! Come take a look!!
Source: FMLS #7452784
Source: FMLS #7452784
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: #7452784