580 Grimsby Ct, Suwanee, GA 30024
6 beds · 6 baths · 7,220 sqft sqft
Extraordinary opportunity to own a stunning home situated on a cul de sac in the exclusive Edinburgh gated/golf community. Just minutes from downtown Suwanee with popular restaurants, shops, festivals, and concerts. Designer details abound in the beautifully decorated home with an open and airy layout fabulous for entertaining and relaxing! Enjoy the incredible kitchen with professional appliances, custom cabinets, huge center island, walk in pantry and views to the family room with a stone fireplace! Autumn will be an incredible time to watch the trees turn colors from the screen porch, this will be a favorite place to hang out anytime of the day! Working from home is easy with the large office off of the foyer! The main level bedroom is fantastic for guests as it has a private bath and walk in closet! Upstairs you will find a spacious owners suite with 2 extra large closets and a luxurious bathroom. The home has been upgraded to wood floors throughout the upstairs! There are three additional bedrooms, 2 baths and a large media room. Don't miss the finished basement with 14'+ ceilings. There is a great family room space with a fireplace and a wetbar, a large bedroom, walk in closet and full bath and plenty of storage space. The family room door walks out the level, private, fenced backyard perfect for family time outdoors. Are you looking for plenty of garage space in your next home? Look no further, this home has 4 car garage and this one has one. The amenities in this community are unapparelled with a Bear's Best Golf Course, 6 lighted tennis courts, a basketball court, a playground, an Olympic-sized pool and water slide, a clubhouse, and a fitness center, golf cart friendly and multiple planned activities throughout the year. *A brand new 6-seat golf cart (2024) is included in the sale with a full price contract.*
Source: GAMLS #10388443
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10388443
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 30-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: #10388443
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.