4947 Castlewood Dr SW, Lilburn, GA 30047
5 beds · 3 baths · 3,267 sqft
Lovely, well maintained home in a fantastic, well established neighborhood. An abundance of space and possibilities await as you enter through the traditional foyer. Make your way to the well appointed kitchen with its granite counters, stainless appliances, breakfast bar, upgraded cabinetry and backsplash, and a cozy eat in area that looks out to the fireside family room. The gorgeous stone fireplace is the focal point of the family room, adding warmth and beauty to the home. From the family room, step out into the sunroom to look out over the extensive, private back yard. Larger gatherings and family meals are a breeze in the sizeable, separate dining room and the formal living room is perfect for an office, a play room or just extra space to relax and entertain. The main level also offers a bedroom and full bath for guests or for those who have trouble climbing stairs. The oversized master suite with its his and her master closets is on the second level. It includes an updated, ensuite bath. Three additional bedrooms and updated bath are also be found upstairs, but take the second set of stairs up from the kitchen to find a huge bonus/rec room, which offers SO many possibilities. Spacious simply doesn't do this home justice! A partially finished basement on the lower level would be perfect for guest, additional play space, an office or even a fitness room. The exterior of this home promises to impress. Step out onto the enormous deck and look out over the backyard paradise. Birthday parties, backyard BBQs or just relaxing with coffee or a glass of wine...the possibilities are nearly endless. This home is just waiting for your personal touches and is definitely priced so that you can easily make it your own! Optional Swim and Tennis Club membership.
Source: FMLS #7488580
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7488580
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: #7488580
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