6733 BLUE HERON WAY, Flowery Branch, GA 30542
Welcome home to this beauty nestled in the beautiful master-planned community of Sterling on the Lake in Flowery Branch and just 40 miles N of Atlanta. The covered rocking chair front porch welcomes you into this charming master on main featuring a sunlit open concept that seamlessly blends living, dining, and kitchen areas- the perfect setting for entertaining family and friends. The spacious chef's Kitchen features new double ovens, seperate cooktop, granite countertops and tile backsplash, customized pantry to optimize storage, updated cabinetry with convenient sliding shelving, center island and breakfast bar- all overlooking the fireside family/dining area that extends to the welcoming sunroom that overlooks the beautifully landscaped, fenced backyard oasis featuring a pergola and firepit surrounded by a sitting area where you will enjoy relaxing and birdwatching. The split bedroom plan offers 2 guest rooms and bath on the main and one en-suite upstairs. This home is loaded with tons of upgrades and extras-too many to name but that are outlined in a detailed document with the seller disclosure. The property extends beyond the back fence line that adds extra privacy and is in walking distance to the Spout Springs library. You will enjoy year-round lawn care and there is a full irrigation system. Sterling offers resort-style amenities including stocked lakes for fishing, nature trails, pools, tennis and pickle-ball courts, fitness center and much more. Located just minutes from Lake Lanier, I-985, downtown Flowery Branch, shopping, dining and the exceptional Northeast Georgia Medical Center Campus.
You may be able to put down less than the total down payment amount of $205,542 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: #10341686