4605 AVOCET DR, Peachtree Corners, GA 30092
For qualified buyers, this house has an assumable amount of 350,000 that is assumable at 2.5%! Come see this fantastic house in Avocet! Located in Peachtree Corners which was voted in the top 20 cites to raise a family in the United States! This house is big, perfect for a growing family, people who love to entertain or people who have way too much family that visits way too often. The most unique feature is the Primary on main which is like finding a needle in a haystack. The vaulted living area is open to the kitchen and connected to the dining area which is spectacular for gatherings and entertaining, The main floor and basement all have beautiful hardwood floors throughout, the kitchen has stainless appliances and granite counters. Upstairs has 3 bedrooms which are all a nice size but the basement, now it's wide open for whatever floats your boat! There are multiple rooms that can serve as an office, bedroom, theatre, man cave, junk storage...it's quite possible to have them all considering the whole area is just over 1,700 sq ft! BUT I saved one of the best features for last, this little treasure has an enormous fenced backyard! It's truly an anomaly, she's got a great upper and lower deck that overlook shaded and grassy full sun areas, need a garden, playset, slip and slide? You can have it all! Don't let this slip away, you rarely find all of these features including a cul-de-sac in such a fantastic neighborhood! Oh, did I mention the amenities? You['ve got 4 tennis courts, a playground, a pool and a clubhouse? What more could you want??
You may be able to put down less than the total down payment amount of $296,761 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: #7427406