5010 FIELDSTONE VIEW CIR, Cumming, GA 30028
Nestled in a family-oriented swim and tennis community, this beautiful stepless ranch home is just minutes from GA 400 and offers convenient access to Dawsonville's shopping and dining options. As you step into the spacious entry foyer, you're welcomed into an inviting family room with a vaulted ceiling and cozy fireplace. This open-concept space seamlessly connects to the kitchen and dining area, which boasts granite countertops, slide-out cabinet shelves, and upgraded stainless steel appliances. The kitchen also provides easy access to the patio and fenced-in backyard, perfect for outdoor relaxation or entertaining. The home's flexible layout includes French doors that open to a versatile room, ideal for use as a dining room, living area, office, or playroom. The property features three bedrooms and two bathrooms, with the large primary suite offering a walk-in closet and a bathroom complete with a double vanity, soaking tub, and walk-in shower. The split floor plan ensures privacy, with two additional bedrooms sharing a full bath. Additional highlights include a laundry room with cabinet storage, a hall coat closet, and a garage that provides ample space for storage or a workshop. The home is equipped with a newer heating and air conditioning unit installed in 2021, a newer hot water heater, gutters replaced in 2023, and a roof in excellent condition. The level driveway and low-maintenance yard complete this move-in-ready home. Experience comfort, convenience, and community living in this North Cumming gem
You may be able to put down less than the total down payment amount of $247,099 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: #7446462