5910 Roxboro Ct, Cumming, GA 30040
5 beds · 5 baths · 4,542 sqft
Exquisite 5-Bedroom, 4.5-Bathroom Home with In-Law Suite on Main Level, Showcasing the Impressive Monroe Plan and Perfectly Positioned on a Spacious Corner Lot in the Coveted Chatsworth Manor Community. This meticulously maintained home spans over 4,400 square feet and offers an ideal layout for both entertaining and comfortable living. The gourmet island kitchen is a true showstopper, featuring sleek granite countertops, a stylish tile backsplash, and a convenient hidden walk-in pantry. It opens seamlessly to the bright breakfast area and the cozy keeping room, creating a warm and inviting space for gatherings. Rich hardwood floors flow throughout the house, including the expansive family room, where a fireplace and custom-built bookcases create a perfect focal point. The main level also boasts a thoughtfully designed in-law suite with a spacious bonus room, providing privacy and comfort for guests or family members. Retreat to the luxurious primary suite, offering a serene space to unwind. With its spacious layout and spa-like bath, this private oasis is the perfect place to relax after a long day. Additional highlights include a formal dining room, a large laundry room, and plenty of storage space throughout. Step outside to a fenced backyard and enjoy the Catalina Hot Tub, perfect for unwinding in the evenings or having a glass of wine in the private gazebo. Whether you're hosting gatherings or enjoying peaceful moments, this home offers the perfect balance of elegance and function.
Source: GAMLS #10480348
Financials
Source: GAMLS #10480348
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.