7565 Heard Rd, Cumming, GA 30041
4 beds · 4 baths · 5,484 sqft sqft
Have you been looking for the PERFECT lake home on the south side of Lake Lanier with a lake view, and no chance of ever running out of water at the double slip dock? This is the one for you! Welcome home to this fabulous, unique lake home that has everything you are looking for! Drive through the beautiful neighborhood and down the long, professionally landscaped driveway and you will immediately feel a sense of awe. This 4 bedroom, 4 1/2 bath lake home has an additional bunk room for company or the little ones. Almost EVERYTHING in the home - including the 4 1/2 baths-have been remodeled/updated. The updated chef's kitchen is perfect for all of the gourmet meals you'll be cooking. The primary bedroom is oversized, with a spa-like bath including double shower heads, inside of the wet-room with a sound therapy soaking tub you can relax in after a long day on your boat. On the upper level, 2 large bedrooms with ensuite bathrooms are fantastic for guests. Head down to the very FUN terrace level where you'll find a game room, a private office that could also be used as a bedroom, home gym, bunk room, a large bedroom and get this...a real spa with a waterfall and steam spa and sauna! You'll feel like you are visiting a luxurious spa, but this one is in your home! One of the really cool things about this dream home is all of the different areas that you can entertain! The sellers are using the kitchen keeping room with a fireplace as a dining area. There is additional dining available on the screened porch, deck and of course the formal/informal dining room. The kids can play games on the terrace level, in the flat, grassy backyard, as well as corn hole, frisbee, or football in the huge, flat front yard. Do you want a pool? There is an area that should be a great spot for a pool. Enjoy the hot tub on the lower-level exterior, in the fall and winter, overlooking the lake. This amazing home has tons of storage as well as floored attic space. You'll have privacy galore in your new lake home and a rare, sandy beach at the shoreline. It's an easy stroll to the 2-slip boat dock with a party deck. The sunset views from the dock are BREATHTAKING! Grab a cold beverage and relax on the party deck while watching the boats go by. This is the life you deserve and have been waiting for!
Source: GAMLS #10328634
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10328634
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.
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: #10328634
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