72 Sparrows Walk, Powder Springs, GA 30127
5 beds · 3 baths · 2,591 sqft
Discover Your Dream Home! Step into this one-of-a-kind, custom-built gem tucked away in a peaceful cul-de-sac on an oversized lot. From the moment you arrive, the stunning stacked stone front porch invites you to explore all this home has to offer. Grand Entrance: A two-story foyer greets you, setting the tone for the spacious and elegant layout. Private In-Law Suite: To the right, a private suite with its own full bathroom offers a perfect retreat for guests or extended family. Main-Level Primary Retreat: The expansive primary bedroom boasts a tray ceiling, a bonus room ideal for a home office, and a spa-like tiled bathroom with a separate tub, shower, and double vanities. The walk-in closet is generously sized to meet all your storage needs. Light-Filled Living Spaces: The two-story family room features a breathtaking stacked stone fireplace and a wall of windows that fill the space with natural light. Chef's Kitchen: Cook and entertain in style with modern grey cabinets, stainless steel appliances, and a bright breakfast area. The formal dining room adds an elegant touch for special occasions. Functional Design: A bright, walk-in laundry room includes cabinets, a built-in ironing board, and a folding counter for ultimate convenience. Upstairs Escape: A catwalk overlooking the family room leads to two additional bedrooms, offering privacy and comfort. Endless Potential: The unfinished basement with soaring 12-foot ceilings is already stubbed for a bathroom, waiting for your vision to make it your own. Garage & More: The spacious two-car garage includes extra room for a third car, boat, or workspace. The extended driveway ensures plenty of parking for guests. This home is full of thoughtful details and exceptional craftsmanship...don't let it slip away! Schedule your private showing today and make this custom masterpiece yours before it's gone! Hurry this one won't last! Attention All Veterans! This home offers an incredible assumable loan with a 2.5% interest rate (https://www.veteransunited.com/valoans/va-loan-assumption). Contact your lender today for more details! No HOA but well maintained neighborhood.
Source: GAMLS #10415084
Source: GAMLS #10415084
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #10415084
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.