4781 NANDINA CT NW, Acworth, GA 30102
Assumable VA Loan. This well-maintained 4-bedroom, 2.5-bathroom home offers comfortable living space in a desirable swim/tennis community in Acworth, with the added benefit of an assumable VA loan. The spacious kitchen, featuring elegant leathered granite countertops, seamlessly flows into a living room perfect for large gatherings, complete with a cozy fireplace surrounded by built-in bookshelves. Just off the dining room, you'll find an office/flex space with built-in desk and shelves, ideal for working from home or as a creative space. The primary bedroom suite is also conveniently located on the main level and includes a tiled shower/tub for a spa-like retreat. Recent updates enhance the home's appeal, including a new water heater with an expansion tank, a stainless steel water line to the refrigerator, updated copper plumbing, and newly cleaned air ducts and HVAC systems. The exterior is equally impressive, featuring a new roof, fresh exterior paint, and upgraded 6-inch gutters. In 2023, a new driveway, walkway, and shed pad were added, boosting both functionality and curb appeal. The outdoor space is designed for easy maintenance and beauty, with a newly installed sprinkler system and vibrant zoysia sod ensuring a lush, green lawn. This home offers a perfect blend of low maintenance, modern updates, and community amenities, making it a must-see!
You may be able to put down less than the total down payment amount of $203,740 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: #7449820