5235 Shadow Path Ln SW, Lilburn, GA 30047
5 beds · 4 baths · 3,820 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Picture yourself pulling up to a stately four sides brick compound on a quiet, upscale cul-de-sac. You arrive and glance at a well-manicured rolling front lawn as you drive on an extended driveway on a three quarters of an acre lot that guarantees privacy and serenity. Roll into your side entrance, two-car garage and enter a peaceful, sunny, inner sanctum. Step onto gorgeous, honey brown hardwood floors and take the weight off, after a hard day's work. Grab your favorite drink and put your feet up in any number of spaces that exude comfort and luxury. Or step outside and enjoy the tranquil and rippling sound of water as you enjoy the pond and watch the goldfish jumping about. Walk the professionally landscaped backyard and taste the delicious blueberries, blackberries, figs, and grapes in their growing season. Want to commune with nature? Place your hands in the earth and plant the fruits and veggies of your choice; the soil is ripe for tomatoes, green beans, lettuce, cabbage, eggplant, peppers and greens, while gazing at the beautiful yellow, red, and white rosebushes. Witness the beauty of nature as you watch the hostas, elephant ears, and crepe myrtles blooming in early spring. Host year-round family get togethers, dinner parties, or sports events with parking room for all. Enjoy the convenience of a five-minute drive to Highway 78, and only minutes to shopping on Scenic Highway, Perimeter Mall and the Mall of Georgia. Have you landed at Botanical Gardens? A local resort? No, better yet, you're in the lovely Mountain Laurel Subdivision. Welcome home to your personal paradise. Owner is a licensed real estate agent in the State of Georgia. This property is being sold as-is.
Source: FMLS #7490602
Source: FMLS #7490602
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.
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.
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.
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.
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 and Equal Opportunity Act.