7445 CORDERY RD, Cumming, GA 30040
WOW-WHAT AN AMAZING OPPORTUNITY TO BE IN THE SOUGHT AFTER LIVE-WORK-PLAY VICKERY COMMUNITY!! Beautiful Vickery home featuring 4 PORCHES to enjoy your outdoor living! Enjoy morning coffee or sunset views from one of 2 covered porches spanning across the front of the home, plus 2 covered porches on the back of the home! BETTER THAN NEW very popular Tidwell plan offers the perfect mix of functionality with designer aesthetics! SEVERAL FLEX SPACES! Open concept plan with the main floor featuring a chef’s modern kitchen, warm and comfortable family room w/ fireplace, wall of windows and a breakfast room, a formal dining room (often used as another living or sitting room) plus a study/office flex room w/ doors to provide additional privacy*First floor offers an enormous living room that may easily be converted to a 4th bedroom or an in-law suite or use as a media room/game room/playroom and features an en suite bathroom*Top level features a huge master suite w/ large walk-in closet & luxury master bathroom w/ a second closet, oversized shower and freestanding tub, plus 2 guests bedrooms & a bathroom and a spacious laundry room* Storage room in the attached 2 car garage*Private driveway offering enough space for 2 cars-long enough for a large pickup truck! Bright & open home w/ decorator colors throughout*You will love living in this beach house style home in the sought after Vickery community! This is an amazing price for this coveted live-work play community! Vickery Village, the elementary and middle schools are all within walking distance! Vickery is located in close proximity to hospitals & doctor’s offices, Halcyon, Avalon and The Collection for plenty of shopping and restaurant choices! Here’s your chance to live in this coveted community! Vickery has approx. 75 acres of green space featuring 6 tennis courts, pickleball courts, a community pool with cabanas, 2 ponds with fishing, walking trails throughout, playground, outdoor basketball court, fire pit for gatherings, open fields for community use, plenty of activities and events! Vickery Village offers various restaurants, shopping & is very active w/ farmer's market, movie nights, cornhole leagues, brew festivals and much more*Many residents golf cart around! Come live the Vickery Life!
You may be able to put down less than the total down payment amount of $410,106 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: #7393616