Featured
1 of 34
Featured
$375,000

775 Lewis Ridge Cir, Lawrenceville, GA 30045

5 beds · 3 baths · 2,208 sqft sqft

100% FINANCING!!!! NO DOWN PAYMENT !!!! NO CLOSING COST!!!!! WHAT ARE YOU WAITING FOR !!!! Welcome Home Family and Friends this is the one you have been waiting for a 5 bedroom 3 bath home in Gwinnett County Under 400K!!!! New Roof and New HVAC both under 1 year old. Discover your dream home with this stunning 5 Great Sized bedroom, 3-bathroom. Master bedroom has a sitting area !!!! The residence located in a peaceful cul-de-sac. This spacious property offers a two-car garage and ample parking space, ideal for families and entertaining guests. Situated closest to everything in a tranquil neighborhood, the home features an oversized master suite that provides a luxurious retreat plus 4 additional well appointed bedrooms . This home offers and expansive living area perfect for family gatherings, a cozy family room with a fireplace, large windows offering plenty of natural light and Well-designed floor plan with ample storage space the spacious backyard has the potential for customization located in quiet community that is close to top-rated schools Nearby parks and recreational areas and Convenient access to shopping centers and dining options Don't miss the chance to own this incredible home in a desirable location. Schedule a viewing today and experience all that this property has to offer!

Interest rate
3.75%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment
$1,782
With Roam
$2,039
Reduce your monthly payments by $256 when you assume this mortgage.
You also save $33,319 in total interest paid.
$185,049
Edit

You may be able to put down less than the total down payment amount of $185,049 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.
45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
2,208 sqft
Lot size
0.28 acres
Year built
2002
Type
Single Family Residence

Source: GAMLS #10329757

Loan
Remaining term
10 years, 10 months
Rate
3.75%
Monthly P&I
$1,782
Remaining loan balance
$189,951

Source: Public records

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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.

View all FAQs
Resources
Last updated: Oct 22, 2024 10:31 am
Listing agent: Yvonne Harris (310) 809-1791
Listing provided courtesy of: Her-Co (310) 809-1791
Details provided by GAMLS and may not match the public record.
MLS ID: #10329757
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright © 2024 GAMLS. All rights reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
Interest rate
3.75%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment
$1,782
With Roam
$2,039
Reduce your monthly payments by $256 when you assume this mortgage.
You also save $33,319 in total interest paid.
$185,049
Edit

You may be able to put down less than the total down payment amount of $185,049 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

$1,782/mo
View details