4805 Blossom Ct, Cumming, GA 30028
7 beds · 4 baths · 4,633 sqft
***Seller is relisting with same Broker in February, 2025.***This is the ONE you've been waiting for in Magnolia Creek! This property has ALL the features you need and love with front porch, hardiboard siding and stone. This lovely home is finished on all three levels with a fully-equipped in-law or teen suite on the terrace level. Enter into the open foyer with living room or office on the right, and dining room on the left. This spacious, open floor plan is great for entertaining. The lovely fireside family room is open to the kitchen and breakfast area. The breakfast area is large enough to accommodate a keeping room or sitting area. The chef's kitchen features custom cabinets, stone countertops, stainless steel appliances, pantry, huge island and breakfast area. The breezy, expansive, covered deck is right off the kitchen area. Three car garage with additional storage areas. True, onsite-finished hardwood floors on the entire primary level, staircase, hallway and all bedrooms upstairs. The expansive primary suite has luxury bathroom with separate tub & shower, two vanity areas and a huge, walk-in closet. The secondary bedrooms are roomy with closets and convenient access to two additional full bathrooms. Laundry room is conveniently located upstairs. The terrace level is finished and well-equipped with two additional bedrooms, full bathroom, recreation/media room, 2nd laundry room and full kitchen. The terrace level is perfect for in-law suite or teens, and has lots of daylight and windows. Step out onto the patio from terrace level, or covered deck to enjoy the private wooded backyard with fireplace, koi pond, professional landscaping, hardscaping, fence and irrigation system. This home has custom trim detail, several trey ceilings, storage space and lots of natural light. Conveniently located near the amenities in Magnolia Creek AND close to GA 400 and all the local conveniences. This property is not to be missed. $5K seller contribution to buyer's closing costs with full-price accepted offer before October 11, 2024.
Source: FMLS #7421260
Source: FMLS #7421260
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: #7421260