551 Lees Mill Rd, Fayetteville, GA 30214
7 beds · 4 baths · 5,518 sqft
Get a free consultation call with an expert in the mortgage assumption process.
FABULOUS FULL RENO, MINUTES FROM TRILITH AND THE US SOCCER NATIONAL TRAINING CENTER, PERFECT FOR MULTI GENERATIONAL LIVING! This gorgeous home will wow you as soon as you turn onto the private drive and enter through the new, custom front doors! Walls of windows throughout the foyer, dining, and living room provide an open, airy feel with beautiful views of the private property and pool. Adjacent to the brand new living room fireplace is a stunning kitchen, with stainless appliances, gorgeous tile work and cabinetry, and a coffee /wine bar ready for entertaining! A breakfast room and keeping room with updated lighting and perfect space planning offer cozy options for morning coffee and ample space for gathering with friends and family. A private hall leads you to an amazing primary suite on the main level, with access to a sitting room suitable for office space, a nursery, or an exercise room. The en suite bath offers brand new, upgraded fixtures, tile, and cabinetry and leads to a huge walk in closet. Upstairs, three bedrooms and two full baths (one en suite and one Jack and Jill) provide ample space for family and friends, along with the primary laundry room. The terrace level provides another full home, and with it's own exterior entry and private interior entry, has been designed as an ideal rental space or apartment for in-laws or adult children. A brand new kitchen and full laundry room, along with a great room and two bedrooms, complete this potential apartment space. Outdoors, enjoy the refreshing pool and seasonal lake view from the brand new deck or the stone, terrace level patio. This perfect location is minutes from Fayetteville, Peachtree City, and I85, offering easy access to restaurants, shopping, and excellent Fayette County schools! ***Preferred lender offering 1% of loan amount (up to $4,000) towards buyers closing costs or rate buydown. Preferred Lender - Kyle Cameron with Fairway Independent Mortgage (NMLS ID 1610121)***
Source: FMLS #7526270
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7526270
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.
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.
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 of Equal Opportunity Act.