7010 Wakehurst Pl, Cumming, GA 30040
4 beds · 5 baths · 6,008 sqft sqft
Huge Price Reduction!100K off original list price! Beautiful 4 sided brick home located on the 16th fairway in the highly desirable Polo Golf and Country Club. This home has an incredible finished terrace level that has no expense spared! Main floor boasts hardwoods, recently updated kitchen, two dual sided fireplace, Primary bedroom on main level, with three generous bedrooms with walk in closets upstairs! Adorable keeping room off the kitchen for an extra living area. Off the back of the home is a private back porch that overlooks the golf course with a nice fenced yard. Terrace level is set for entertaining and extra living space. The basement boasts a recreational room with kitchen. Unbelievable media/theatre centre! This home has a huge storage area in the basement as well. Exterior just painted! Polo has direct Greenway access and is minutes away from OUTSTANDING schools and close to GA 400. Super Social neighborhood with multiple amenities packages for your family to choose from to join!
Source: FMLS #7416418
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7416418
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.
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: #7416418