6571 Johnson Cir, Flowery Branch, GA 30542
3 beds · 2 baths · 1,272 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Great ranch on almost 1/2 acre one street from Lake Lanier's Burton Mill Park. Burton Mill Park has a walking path along the lake, a boat ramp that is open year-round, picnic tables, and grills. This welcoming home is perfect for entertaining with a large great room, dining area, and an open island kitchen. The kitchen has been updated with granite counters & a new backsplash. There are three bedrooms and 2 baths. The bedrooms are separated around the central living area. There are some great closets including a huge storage room right outside the laundry room. New water heater in 2024. New dishwasher in 2020. All the water faucets, shower heads, and light fixtures were replaced in the last few years. Electric fireplace. Hardi plank exterior. Cute new barn door on the pantry. The yard is private and there is a covered patio plus a garden shed. No HOA. Since you are around the corner from the lake you can easily keep your boat and trailer at your house.
Source: FMLS #7559755
Source: FMLS #7559755
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.