7447 Ash Tree Cir, Hoschton, GA 30548
6 beds · 4 baths · 4,038 sqft
Welcome to 7447 Ash Tree Circle in the sought-after Reunion Country Club! This 6-bedroom, 4-bathroom home offers an exceptional blend of modern design and functional living spaces. Step into an open floor plan where the heart of the home is the stunning kitchen featuring QUARTZ countertops, cabinets with pull-out shelving, an oversized island, and a gas range. The separate dining room is perfect for hosting gatherings, while the planning center/office area provides a versatile workspace. A bedroom and full bath on the main level make for a perfect guest suite or private retreat. Upstairs, enjoy the spacious loft, ideal for relaxation or play, along with three additional bedrooms and a luxurious master suite. The master en-suite has a true spa feel featuring a dual vanity, and separate shower. The finished basement offers endless possibilities, with a den, bedroom, full bath, and ample storage space perfect as an in-law or teen suite. Outdoor living is equally impressive with an extended deck overlooking serene wooded views and the privacy of no neighbors behind. An extended driveway provides extra parking for guests. Home includes an irrigation system to keep your yard looking fantastic! Located in the vibrant Reunion Country Club community, this ssought after community is located in the Cherokee Bluff School District. This is the lifestyle you have been searching for! Residents enjoy the community pool and large slide as well as the separate kid area, multiple playgrounds, restaurant, workout room, and meeting room. You will love all the activities that are featured on the back lawn as well as riding your golf cart or the trolley to the local restaurants or grocery store! Close to NE GA Hospital system, schools, dining and major interstates. Don't wait schedule your private tour today!
Source: FMLS #7500130
Financials
Source: Public records
Source: FMLS #7500130
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.