5846 Norton Cir, Flowery Branch, GA 30542
4 beds · 2 baths · 2,823 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.
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: #10398120
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