6299 Cheatham Lake Dr NW, Acworth, GA 30101
5 beds · 3 baths · 3,000 sqft sqft
Welcome to this stately brick front home that has tons of upgrades and light filled spaces in beautiful Cheatham Lakes! Step inside to a soaring 2-story foyer and hardwood floors throughout the entire main level. A formal dining room with chair railing to the left is the perfect place to entertain, while a formal living room with barn door entry to the right is a great space to cozy up with your favorite book or set up your home office. The bright open concept living room has loads of natural light and private wooded views as well as a cozy stacked stone fireplace perfect place to gather around a fire on a chilly Georgia evening. Enjoy a gourmet kitchen with granite counters, breakfast bar, stainless steel appliances, tile backsplash, plenty of cabinet and counter space, and a light filled dining room. The spacious laundry room close by has a sink for added convenience. Upstairs, retreat to the primary bedroom with tray ceiling and gorgeous renovated en-suite bath with dual sinks and a wet room shower and tub - fully tiled, several showerheads, fixed frame shower, and pedestal soaking tub! Three spacious secondary bedrooms and a full bath ensure room for everyone. Don't miss the partially finished basement with 2 large rooms to spread out - make this your dream man cave, craft room, playroom, guest/MIL suite - you name it! A full bath and a bedroom complete the level and with outdoor access, everyone can come and go as they please. Fully fenced backyard has plenty of room to enjoy with mature trees, an extra large upstairs deck with room for multiple seating areas as well as a covered patio below. Home includes a workshop! Updates include primary bath, new bath flooring in secondary bath upstairs, basement level, and a newly built retaining wall in the backyard. The community has a lake, playground, trails and is conveniently located to shopping, restaurants, parks and Lake Acworth for all your boating and fishing needs. With great Cobb schools this one checks all the boxes. Don't miss the opportunity to make this one your own! Schedule your tour today!
Source: FMLS #7476529
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7476529
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: #7476529
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.