5846 Norton Cir, Flowery Branch, GA 30542
4 beds · 2 baths · 2,823 sqft sqft
Beautifully renovated 4 bed 2 bath home with oversized master on main level. Located in a quiet no HOA neighborhood right outside of downtown Flowery Branch. Mins from 985, Lake Lanier, Fish Tales and Lanier Islands. This home features a spacious country kitchen which is any chefs' dream with stainless steel appliances, gas stove and granite countertops and a separate granite bar area with extra cabinets for storage. The cozy living room features a wood burning gas starter fireplace and built-in entertainment center. The beautiful light filled sunroom features 9 full view casement windows, french doors and a natural gas fireplace. Upstairs features 2 spacious bedrooms and 1 updated full bath and an extra large bonus room that can be used as a 3rd bedroom, game area or office. The oversized master on the main level has 2 separate closets and offers a tranquil retreat from the day with an updated master bath featuring a beautiful walk in shower and his and her sinks. The backyard features large gravel firepit for those fall evenings with friends or simply enjoy a tranquil evening on the back deck. This home also features a spacious 2 car garage that could double as a man cave with recently painted floor and insulated garage door & windows. There have been so many updates to this home, like newer windows, interior doors, and exterior main doors. The main a/c unit was replaced in 2022 and the upstairs was replaced in 2017. The main electrical panel with surge protector was also installed recently. The water heater has been replaced within last 3 years. This home sits on two lots which provides 2 driveways for parking your RV / boat or room for a detached garage. This home has everything you need in the most convenient location. Schedule your showing today!
Source: GAMLS #10398120
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10398120
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 45-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.
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: #10398120