704 LANCE VIEW LN, Lawrenceville, GA 30045
New Kitchen Renovation Pics Coming Soon! Amazing opportunity in well-established Jacob Farms Swim & Tennis! Built in 2018, this home is pristine from inside to outside and is better than new construction offering a plethora of updates including 7C Hardwood Floors Throughout (main), Gorgeous Granite Countertops 36C + Custom Cabinetry, Stainless Steel Appliances, Ornate Wainscoting, floor to ceiling windows allowing an abundance of natural light & features the light and airy 2-Story Foyer floorplan. Outstanding Kitchen setup makes hosting and entertaining an absolute breeze along with your day-to-day routine! Large Kitchen Island & breakfast bar are perfect for afterschool homework, breakfast in the morning with your loved ones, or just having a tea with friends/family! Wide-Open, guest suite on main, 2-Story Loft floorplan makes this home excellent hosting or entertaining on any given occasion! New Paint, New Oak Handrailing and Stairs, New Cast Iron baluster upgrade, New Wide 7C Plank LVP Hardwood floors, New Industrial chic Decorative Light Fixtures Throughout! Start your day in harmony with the best Master Bedroom w/ Sitting Area and large bonus loft features triple hung energy efficient windows, Double trey ceilings w/ Crown molding, Huge Sitting Area in Bedroom ideal for a crib/nursery, & a huge Master Bathroom layout with Jacuzzi Tub Co New Glass Stall shower (lifetime warranty), Dual Vanity Sink w/ plenty of countertop space and storage for all! Royal walk-in closet with sitting area to boot make this a wonderful place to start your mornings and wind down in the evenings! Two Large Upstairs Guest bedrooms are sizeable and have enough space for King Size bedroom sets and will accommodate your loved ones for years to come! Bedroom on Main has a Murphy Bed and full bathroom on the main level to accommodate house guests who prefer to not deal with stairs! This one does not disappoint and has great closing cost and lender incentives making your transition to this gorgeous home a breeze! A stoneCOs throw away from Tribble Mill Park & Historic Freemans Mill Park (Alcovy River access) & which features over 700 Acres of local area amenities that include a fishing lake (non-motorized boats allowed), boat ramp, Ozora Meadows, accommodates up to 3,500 people for large events, playground and Alcovy River Access. Publix & Shopping are less than 5 minutes from the property, Hwy 316 & Sugarloaf Pwky are minutes away!
You may be able to put down less than the total down payment amount of $229,754 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: #10358219