7590 Little Mill Rd, Cumming, GA 30041
3 beds · 2 baths · 1,762 sqft
NO HOA! As you step into this beautiful ranch home on 1 +/- Acre you’ll experience a place where every detail has been crafted for your comfort and joy. The welcoming front porch beckons you to enter this amazing home where you’ll at home! Starting with the heart of the home—the kitchen offers sleek stainless-steel appliances, a thoughtfully designed and functional workspace, and a spacious island with plenty of extra seating. It's a haven for any cooking enthusiast, ensuring they’ll be eager to showcase their culinary skills in style! As if this wasn’t enough, the cozy breakfast room has NEW cabinets and extra counter space, the perfect spot where you can sip your morning coffee and soak in the peaceful surroundings. The separate open concept dining room offers immediate access to the Kitchen, ideal for hosting intimate family dinners or lively gatherings with friends. The bright and airy family room is a definite room of relaxation! The stunning stacked-stone fireplace invites you to curl up on those chilly evenings or cozy up for family movie night. And when the day ends, the oversized master awaits with a large seating area and direct access to the screened porch, complete with a spa-like Master bath sporting custom tiled shower, separate tub and double vanity. The 2 secondary bedrooms are equally spacious and versatile, ready to adapt to your family’s needs—whether it’s for children, guests, or a home office. A second full bath completes this smart, functional floor plan. Added bonuses include the awesome screened porch where you can relax overlooking the expansive fenced-in backyard providing an ideal setting for outdoor fun, gardening, or simply relaxing in nature. Whether you need space for an RV, boat, or dream of building your own pool, this home has all the room you’ll ever need. Despite its serene location, this home is conveniently located to dining, shopping, and top-rated schools, including the highly sought-after East Forsyth High. This property is where your next chapter begins—a place of warmth, joy, and endless possibilities.
Source: FMLS #7476306
Source: FMLS #7476306
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: #7476306