9115 Hannahs Crossing Dr, Gainesville, GA 30506
5 beds · 3 baths · 3,369 sqft
RECENT PRICE ADJUSTMENT WITH ASSUMABLE MORTGAGE of 3.25% (to be verified)... THIS HOME HAS IT ALL. Be prepared to fall in love with this stunning 5 bedroom, 3.5-bathroom home perfectly situated on a generous and level .59 acre corner lot, which appears even larger than it is. The exterior of the home features a rocking chair front porch with brick and Hardi-plank construction, and the exterior was just repainted in 2022. The backyard fence was added in 2022, and is perfect for your four-legged family members. The expansive backyard is its own oasis for outdoor entertaining, as it features an expanded lower patio, with a "dry below ' system as well as a gazebo for additional space. But the newly added , Trex composite upper deck with dedicated grilling station is an entertainers delight and perfect for taking the party outdoors. This home also has a 3 car garage, with plenty of parking for everyone. Headed inside, this large home was the former model home for the neighborhood. Featuring a total of 5 bedrooms, 1 on the main level, and 4 upstairs including the private retreat Primary bedroom en-suite with a massive, "to die for" closet with built in center island. There is a second walk-in closet as well. On the main level of the home, you will delight in the open floor plan with 2 story living room which is perfect for entertaining guests or relaxing with family. The generously appointed chef's kitchen features new modern appliances, with plenty of counter space including a center island. The separate formal dining room will come in handy as the family gathers for that special Holiday dinner together. This home also includes a versatile unfinished basement, providing endless possibilities for customization and expansion. Recent additions and upgrades in excess of $50k to this home include: Interior and exterior paint, new fireplace and gas logs, new light fixtures throughout, new bathroom faucets, stainless farm sink and faucets in the kitchen, new stainless kitchen appliances (a gas stove was swapped out for the current new electric stove, so gas is a gas stove is an option still), new carpet with upgraded memory foam padding, new cabinets and flooring in the dedicated laundry room, smart thermostats, and video doorbell, new smart garage door openers, and new sod in the backyard just to name a few. Don't miss out on the opportunity to make this beautiful property your own.
Source: GAMLS #10352972
Source: GAMLS #10352972
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: #10352972