5061 STONE MOSS WAY, Hoschton, GA 30548
Charm meets convenience in this captivating 5-bed, 5-bath home nestled in the quaint community of Hoschton, just south of the Blue Ridge Mountains. Step into a world of warmth and comfort as you enter the open-concept living space, perfect for creating lasting memories with loved ones. The heart of the home is a stunning high-end kitchen, featuring a custom-tiled backsplash, stone countertops, stainless steel appliances, a walk-in pantry, and a large island with additional seating and storage. Appliances are less than 5 years old except for the Refrigerator which is 1 year. With direct access to the outdoor deck and open views to the family room, this flowing floor plan is ideal for any family size. The separate dining room is a class act with wainscoting, tray ceilings, and gorgeous crown moldingCoperfect for family dinners or entertaining. Imagine unwinding in the cozy two-story family room at the end of a long day. The stacked stone wood-burning fireplace provides warmth and comfort on cool Georgia evenings, making it the perfect spot to curl up with a good book or watch your favorite movie. The main floor also features a formal living room, a large bedroom, and a full bath. Ascending to the upper level, you'll find the oversized master suite, which opens into a spa-like master bath. It feels like stepping into a resort with a stunning custom double shower and his-and-her vanities. There are three spacious secondary bedrooms and two full baths, one of which has been completely upgraded and remodeled, ready for a family to enjoy! Architectural details and upgrades are evident throughout, showcasing the current owner's meticulous attention to detail. Impeccable flooring includes LVP flooring, superior carpeting and tile in the baths. And if this isn't enough to entice you, head down to the finished basement, perfect for entertaining, an in-law suite, or additional living space. It features a common area, wet bar, beautifully remodeled full bath, gym area, and a full size bedroom that was once a media room. NOTE: The surround sound wiring, projector, and large screen all stay with the sale. There's direct access to a covered patio and the gorgeous backyard. Whether you settle on the patio or hang out on the beautiful deck, you'll enjoy the private fenced backyard with its blooming trees, sweet potato beds, and herb garden. The spacious garage, 5-year-old roof, 3 newer HVAC units, low-maintenance professionally landscaped yard with irrigation, and the amazing neighborhood amenities make this the perfect move in ready home! Being in close proximity to shopping, trails, and parks ensures this property will be a much sought after residence, so hurry because this one isnCOt going to last!
You may be able to put down less than the total down payment amount of $247,201 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: #10351058
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.