5875 Lenox Park Pl, Buford, GA 30518
3 beds · 2 baths · 1,900 sqft
Welcome to 5875 Lenox Park Place! Completely renovated and ready to be your new favorite place to be! New windows, New cabinets, Fresh Interior Paint, New Lighting, New Hardware and New Wideplank, Pet-proof Flooring Throughout! NO CARPET! This delightful home is part of the desirable Lenox Park community, known for its serene environment and family-friendly atmosphere all zoned for top rated schools! As you step inside, you'll be greeted by a spacious and inviting living area, perfect for entertaining guests or enjoying cozy night with the ease of a gas fireplace! The kitchen is a chef's dream, featuring modern appliances, ample counter space, and a breakfast nook that overlooks the beautifully landscaped backyard. The master suite is a true retreat, offering a private oasis with a luxurious en-suite bathroom, sitting area and plenty of closet space. Additional bedrooms are generously sized, providing comfort and privacy for everyone in the family. Outside, the private backyard is a haven for relaxation and play, with a patio area ideal for barbecues and outdoor gatherings. The community itself offers a range of amenities, including a swimming pool, tennis courts, and walking trails, ensuring there's always something to do. Hop on the new Greenway at the Whitehead Road access right outside of the neighborhood! Conveniently located near shopping, dining, and entertainment options, such as the Sugar Hill E Center and the Bowl at Sugar Hill, this home offers the perfect blend of tranquility and accessibility. A true chance to have it all! Don't miss the opportunity to make this beautiful property your new home!
Source: GAMLS #10414140
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10414140
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: #10414140
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.