6299 CHEATHAM LAKE DR NW, Acworth, GA 30101
Check out this fantastic 5 bedroom home in a sought-after location, featuring an open floor plan, fresh interior paint, and beautiful hardwood flooring throughout. The bright white kitchen has updated granite countertops, a stylish tile backsplash, stainless steel appliances, and a spacious pantry. The Great Room is enhanced by a wall of windows, a ceiling fan, and a cozy stone fireplace. Adjacent, you'll find a large, separate dining room perfect for entertaining. The master bedroom is a true retreat with a double tray ceiling and ample natural light. The fully renovated master bathroom includes elegant tile flooring, an open walk-in shower with multi-function controls (featuring a wall shower head, rain shower head, four stationary body sprayers, and a removable shower head/body spray), and a freestanding oversized soaking tub. The bath area is beautifully separated by a faux beam, and the brand-new free-standing double vanity is complemented by a touch-button lighted mirror with a defrost setting and new light fixtures. The master closet has been updated with new hardwood flooring. Additional guest bedrooms are generously sized and offer great closet space. The upstairs hallway bathroom features new LVP tile flooring and an extended shower curtain for added convenience. The entire home is equipped with updated light fixtures, enhancing its modern feel. The basement is a standout feature, with a bonus/TV room created by enclosing part of the garage. This space also includes two multi-functional rooms and a full bathroom with a walk-in shower. Step outside to 2/3rds of an acre of land. The property has a beautiful front and large flat side yard providing ample space for family and kids! The backyard has been enhanced with lattice and a retractable privacy screen on one side of the bottom-level deck/patio as well as recent updates that include two retaining walls built to address erosion around county owned/maintained storm water drainage easement. New ground was created behind the retaining walls with freshly laid sod on top to bring back flat land which had been lost over the years, newly spread pine-straw, and river rock through the path of storm water flow. The garage accommodates one car and offers ample storage space near the second garage door entrance with an additional closed-off workroom at the back of the garage and access to extra storage space under the basement stairs. *Water drainage easement is county owned as was installed during development of the neighborhood in 1998 and the water drainage system extends from property to the lake within the neighborhood. Owners have taken preventative steps at the estimated total cost of 15K (including materials and labor) to mitigate the effects of erosion caused by storm water run-off with above mentioned improvements. Drainage was not installed by owners of property however owners have right and ability to maintain the yard and area surrounding the drain under the condition that the water flow from behind home during storms is not impeded from entering the drain. Possible alterations to the yard include rerouting of the water flow in a more direct route, decking or other structures to cover portions of the drain, etc…
You may be able to put down less than the total down payment amount of $133,287 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: #7424607
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.