6040 Ashborough Park, Cumming, GA 30040
6 beds · 5 baths · 6,400 sqft
Located in the prestigious Chatsworth Manor community, this exceptional 6-bedroom, 5-bathroom estate offers luxury, functionality, and unparalleled craftsmanship. Freshly painted with refinished hardwood floors on the main level, this home features a seamless open-concept design ideal for both daily living and entertaining. Step inside to find two home offices with French doors on the main level, a formal dining room, and a sunroom that floods the home with natural light. The two-story great room, highlighted by a striking stone fireplace, flows into a chef's kitchen featuring white cabinetry, granite countertops, a large island, stainless steel appliances, and a walk-in pantry. A spacious guest or in-law suite with a full bath completes the main level. Upstairs, the primary suite includes a private sitting area, ample natural light, and direct access to the laundry room. The spa-like master bath has a double vanity, soaking tub, large shower, and a walk-in closet. Three additional bedrooms - one with an en-suite and two with a Jack-and-Jill layout - provide plenty of space for family or guests. The fully finished, professionally designed basement is an entertainer's dream, featuring a custom stone bar with wine storage, a media area, and multiple entertainment spaces, plus an additional bedroom and bath. Step outside to enjoy a private backyard with no rear neighbors, complete with a covered patio, a deck, a fire pit, and raised garden beds. A three-car garage and thoughtfully designed mudroom add convenience and functionality. This remarkable home offers an unbeatable combination of elegance and comfort - schedule your private tour today!
Source: FMLS #7544262
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: FMLS #7544262
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.