6025 Cloverfield Way, Braselton, GA 30517
4 beds · 2 baths · 2,552 sqft
LIKE NEW! New carpet, freshly painted rooms and refinished hardwoods. Seller includes 1 Year Home Warranty. Don’t miss out on touring this fabulous home located in the highly sought after Braselton community, Riverstone Park! This gem is just minutes from the Chateau Elan Winery, Resort and golf course, a wide variety of restaurants, shopping at the local businesses and much, much more. You can walk, jog, bike, drive your golf cart or even ride the trolley to countless activities in the historic Braselton community from this beautiful and spacious 4 bedroom, 2.5 bathroom home. The kitchen features hardwood cabinets, granite countertops, an island, eat-in kitchen, in addition to an open floor plan overlooking the cozy family room and gas fireplace. Down the hallway awaits a large dining room for entertaining those special guests. 4 bedrooms and 2 baths are located on the second floor including the oversized primary suite with a huge walk-in closet. The sun-filled bathroom boasts a custom, seamless glass shower adorned with stone tile adjacent to the spacious double vanity. Convenient upgrades include covered patio, ceiling fans in every room, custom shelving in pantry and closets, motion sensor lights and more to make this home comfortable and inviting for you and your family. Property has direct access to all neighborhood amenities: tennis courts, pickle ball, playground and community pool. Schedule your showing today, this is a must-see property!
Source: FMLS #7549208
Financials
Source: Public records
Source: FMLS #7549208
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.