611 MONTGLADE CT, Suwanee, GA 30024
Welcome to your own private resort!! Originally the builder's home and one of the bigger floor plans with its' own personal, new inground, sun shelf pool. Located in a nearby cul-de-sac for quick access to the main road, this manor will make you feel at home the moment you walk in. Brick front with new front doors (keyless entry), updated spacious kitchen with new custom made gas cooktop. Comes with built in wine cooler and walk in pantry. Home comes with a new high end back up generator for unforeseen events. Laundry room is located on the main level near the kitchen when entering from the garage. Executive (CEO) style office space upon entering the manor with a bay window that faces NW. Hardwood flooring, carpet, laminate, and tiles throughout the home. Home comes with 5 full bathrooms, spacious bedrooms, and ample closet space. Oversized master bedroom with sitting area by the fireplace and bathroom with his and her walk-in closets and separate whirlpool tub and standup shower. Full finished basement with exterior and interior entry also with a full bathroom designed for entertaining or extra living space. The upper deck with covered gazebo is a truly relaxing space either in the morning or later in the evening. Plenty of space for grilling and entertaining many guests. From the top deck you can walk down to the lower also covered deck area and enjoy the recently installed in-ground, saltwater, sun shelf pool and covered hot tub. See the photos! Home must be seen in person to be appreciated. The fenced in backyard is private and hidden from the road. You are close the the Mall of Georgia, E-Center, Grocery, Restaurants, GA-400, HWY 985 & 85, and about 40-45 minutes to Atlanta Airport.
You may be able to put down less than the total down payment amount of $277,645 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10361095