5938 Park Bay Ct, Flowery Branch, GA 30542
5 beds · 3 baths · 3,360 sqft sqft
Presenting the exquisite Georgian Plan, a 5-bedroom, 3-bathroom residence that awaits your discerning eye. Nestled in a serene, expansive corner lot, this home offers a harmonious blend of sophistication and functionality. Upon entry, you are greeted by a grand 2-story foyer flanked by a formal dining room on one side and a versatile flex room/office space on the other. Elegance abounds with LVT floors that guide you through the open-concept living areas, complemented by plush upgraded carpeting in the bedrooms. The culinary enthusiast will delight in the designer kitchen featuring grey cabinets, stainless steel appliances, a 5-burner gas stove, granite countertops, a stylish tile backsplash, and a corner walk-in pantry. Guests will appreciate the privacy of a main-level bedroom with a full bath, while the upper level reveals the luxurious oversized Owner's suite with extended flex space or the option to make it a 6th bedroom alongside 3 additional bedrooms and a convenient second-floor laundry room. The Owner's Suite offers a sanctuary with a vaulted ceiling, a generously sized walk-in closet, and a lavish 5-piece ensuite bath complete with a soaking tub, a separate tile-surround shower with an upgraded frameless door, a dual sink vanity, and an enclosed closet. Outside, the backyard provides a tranquil retreat overlooking dedicated green space. Residents of this community enjoy access to a clubhouse, pool, playground, and scenic walking trails, enhancing the quality of every day.
Source: GAMLS #10270524
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10270524
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: #10270524
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.