4902 Glencree Ct SW, Powder Springs, GA 30127
4 beds · 6 baths · 3,606 sqft
Welcome to Your Dream Home in The Park at Kyle Farm! Nestled in the award-winning The Park at Kyle Farm subdivision, this breathtaking 4- bedroom, 4-bath home with two half baths is a masterpiece of comfort and elegance. Located in a Patrick Malloy community—proud recipient of the prestigious OBIE Award for Community of the Year—this property promises a lifestyle that's nothing short of extraordinary. As you approach, you're greeted by a charming front porch, the perfect spot to enjoy a cup of coffee or relax in the evening with a good book. Step through the grand 2-story entry foyer, you're welcomed by a flood of natural light pouring through oversized windows, highlighting the engineered hardwood floors throughout the main level. The open floor plan invites you to explore every thoughtfully designed detail, from the eat-in kitchen with gleaming granite countertops, a breakfast bar, and double ovens, to the gas cooktop and built-in microwave that make entertaining effortless. Imagine hosting family and friends in the spacious dining room or unwinding by the gas starter fireplace in the cozy living area. Need a quiet retreat for guests? A private bedroom on the main level offers just that. The mud area and 3-car garage ensure plenty of storage and convenience for your everyday needs. Venture upstairs via the grand hardwood staircase to discover a versatile loft space, perfect for a second living area or home office. The oversized owner's suite is your personal oasis, complete with a spa-like bath featuring a soaking tub, a separate glass-enclosed shower, and separate dual vanities. The walk-in closet is a dream come true. Each additional bedroom upstairs boasts its own private en-suite, ensuring comfort and privacy for everyone. Step outside to your spacious, level backyard enclosed by a privacy fence. This is the ultimate venue for summer barbecues, kids' playdates, or simply enjoying the serene outdoors. An irrigation system keeps your lawn lush and green with ease. Resort-Style Living Awaits!Living in The Park at Kyle Farm means you're not just buying a home; you're investing in an unparalleled lifestyle. The upscale HOA amenities include a stunning clubhouse, Jr. Olympic pool, children's splash pad, outdoor hot spa, bocce ball and volleyball courts, tennis courts, an event lawn, playground, dog park, and private access trails to Lost Mountain Park. A state-of-the-art fitness center is also at your fingertips. Located in soughtafter Cobb County and within easy reach of premier shopping, this home is zoned for some of the best schools in the district, offering peace of mind for families. As an added bonus, the seller is offering a 1-year home warranty, ensuring your new home is as stress-free as it is beautiful. This home is more than just four walls—it's the foundation for countless cherished memories. Don't miss your chance to experience luxury living at its finest. Schedule your private tour today and prepare to fall in love!
Source: FMLS #7507481
Source: FMLS #7507481
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.