4799 Chafin Point Ct, Snellville, GA 30039
6 beds · 4 baths · 4,102 sqft sqft
Price Reduced!4799 Chafin Point Ct. Snellville, GA 30039 Located in the distinguished Prescott at Mink Livsey subdivision offers spacious living at an attractive price. Situated in a central part of Snellville within vivacious Gwinnett County. This lovely subdivision provides the ideal combination of peaceful suburban living while still enjoying access to a host of amenities including a multitude of restaurant and shopping choices as well as access to top-rated schools. Outdoor lovers will enjoy the proximity to gorgeous parks, picturesque walking trails, and recreation areas ideal for weekend excursions and getting out in nature in the afternoons or evenings after work. Also being centrally located near major highways makes your daily commute a breeze. Buying in the Prescott at Mark Livsey Subdivision means you won't just get neighbors, you will be part of a community living life to the fullest. This spacious home is well-appointed with formal living and dining rooms for entertaining and your own personal enjoyment! The kitchen has lots of cabinet space for storage as well as a pantry. This house definitely has room enough for all the kids and even grandkids to run around and play. Boasting 4 bedrooms on the upstairs level, you can get away from it all with an oversized main bedroom/suite, equipped with a walk-in closet and elegant bathroom! Make your way to the basement level and enter the 2 bedroom 2 bath apartment complete with its own kitchen! This is the perfect space for the in-laws, adult children with their own family or rent it out and use it as rental income to offset your monthly mortgage payment. With a full 2 bedroom 2 bath apartment containing its own kitchen downstairs, the possibilities are endless! This is the perfect house for either a single family, or a multi-generational family wanting to live close to each other but still have their own independent space. Come see what we have to offer and schedule your showing today!
Source: GAMLS #10360622
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10360622
Source: Public records
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: #10360622
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.