8196 PEMBROOK TER, Jonesboro, GA 30236
This Gorgeous 4 Bedroom, 3 Full Bath Ranch is a Hard-coat Full Stucco Home, nestled within the prestigious Lake Spivey Country Club Community on Hole 8.. From several rooms in the home & rear deck you have views of Lake Spivey Golf Course, so take in a view and just relax. That's what you will desire to do when you enter this beautiful golf-front home. Sit on your exterior back deck and watch golfers tee off on the eighth hole. Don't worry about stray balls- you are out of their path. Upon entry, the foyer has columns which opens into the spacious formal living room & family room which are separated by a floor to ceiling fireplace with a dual see-thru view. Separate formal dining room with crown molding, marble flooring and a beautiful chandelier. Chef's kitchen with tons of cabinets, built in wine racks, hardwood flooring, breakfast bar and breakfast area. Masters' suite on main with tray ceilings, French doors leading onto deck and spa type bathroom with marble flooring, separate vanities, whirlpool tub, separate shower, with a large walk-in closet and laundry room connected to master closet. Split family floor plan with the other 3 bedrooms on the other side of home, one with its own bathroom suite and another with a connecting door to the hall's full bathroom. Crown molding and recessed lighting throughout home. As a resident, enjoy all the amenities including the 600-acre lake life, whether you're fishing, swimming, or golfing, each day is a new opportunity to explore and enjoy your surroundings. Private membership at Lake Spivey Golf Club is available for an additional fee. Top rated schools, a friendly, welcoming neighborhood that has a walking/biking/golf cart paved trail to the Clayton County Water Park and community center. This Area features a large gym, heated salt pool, meeting rooms and snack bar. Also offered are tennis and pickle ball courts, dog park, a water park with huge waterslide and lazy river. There's also a Senior Citizen Center with restaurant. It's only minutes to shopping, restaurants and I-75. Less than thirty minutes to Hartsfield International Airport and Downtown Atlanta. New HVAC system and Washer and Dryer are included. There is so much more to this home! Don't let it get away!!
You may be able to put down less than the total down payment amount of $225,155 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: #10320731
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.