820 Thermopylae Ct, Alpharetta, GA 30005
7 beds · 5 baths · 5,100 sqft
Located in the picturesque Clipper Bay neighborhood of Windward, tucked away on a charming tree-lined street with seasonal views of the lake, this stunning home combines modern style with timeless European elegance. As you arrive you are greeted by fresh exterior paint and a charming stone front porch leading you into the bright, two story foyer. Make your way into the expansive eat in kitchen, designed for entertaining with chef-inspired island, that invites both cooking and conversation. A wall of windows floods the space with natural light offering views of the beautiful, freshly sodded, private backyard complete with a brand new patio. The adjacent family room, with custom built-ins, is perfect for cozy nights by the fire. The open-concept dining room and formal living room, along with a conveniently located laundry room add to the home's inviting feel. Gorgeous hardwood floors and a kitchen-level 2 car garage w/ shelving complete the main level. Upstairs, the luxurious primary suite is a true sanctuary, featuring a tray ceiling, a fireplace, and a fully remodeled spa-like bath. Indulge in the freestanding soaking tub, separate vanities, and a frameless glass shower. Three additional spacious bedrooms, two full baths, and a loft overlook complete the upper level - elevator access to each floor provides both convenience and ease. The Terrace Level is a versatile space with an ideal in-law suite, including three bedrooms (or an office), a full bath, a kitchenette, game/theater room, exercise room, cedar closet, wine cellar, and abundant storage throughout. The flat driveway offers ample space for a basketball hoop or additional parking. The home also boasts a newer roof, windows, doors, and HVAC ensuring peace of mind for years to come. The Windward community offers an unmatched lifestyle, with easy access to The Golf Club of Georgia, the Windward Lake Club, and one of Georgia's most sought after school districts. Conveniently located near Georgia 400, downtown Alpharetta, Halcyon, Avalon, and a wealth of local shopping and dining. Don't miss out on this incredible opportunity, reach out today to schedule a showing.
Source: FMLS #7539156
Source: FMLS #7539156
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.