1 of 37
$659,900

9370 Martin Rd, Roswell, GA 30076

4 beds · 3 baths · 2,786 sqft sqft

"Come experience the peace of mind of nature in this remarkable home nestled in sought after Martins Landing. From the soaring ceilings to the custom tile work and all the natural light - find all that and MORE in this exciting remodeled home! Enjoy gorgeous hardwood floors throughout all the living areas and bedrooms. Step inside to a light filled entry with a flex space just off the kitchen. In case it becomes your formal dining room or just a sitting room, wooded views are within reach. Huge vaulted ceilings with a stunning wood beam greet you in the living room featuring a stone fireplace, built-ins, skylights, and lots of room to spread out! Enjoy cooking in a dreamlike kitchen - stainless steel appliances, trendy white cabinets, commercial grade range/oven, tile backsplash, and brilliant breakfast room. Wind down to the impressive primary bedroom with a vaulted ceiling, deck access, and a spa-like bathroom with dual vanities, pedestal tub, and glass shower and custom tile. Large walk-in closet with custom built-ins! Upstairs, a loft is the perfect place for an office or seating area. Two more spacious bedrooms share a full bath with dual sinks, vanity seating, and tub/shower combo with tile. The downstairs offers full daylight basement with huge room for a man cave, media room, game room, in law suite. A full bath with a frameless glass shower is nearby. Laundry room on this level has the convenience of a sink. Extensive park-like backyard has mature trees! Enjoy your morning on the oversized deck that wraps around the entire back of the house. Martins Landing has easy access to GA 400, and is a short drive to Historic Downtown Roswell for all your shopping, entertainment and fine dining. Community amenities include 3 pools, 15 tennis/pickleball courts, a 53 acre lake surrounded by a 2.4 mile walking path, hiking trails, bike lanes and the River Lodge Clubhouse for events. This property offers exceptional value and an unparalleled opportunity for the NEW homeowner."

Interest rate 3
2.75%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,236
With Roam
$1,838
Reduce your monthly payments by $601 when you assume this mortgage.
You also save $190,165 in total interest paid.

$382,072
Edit

You may be able to put down less than the total down payment amount of $382,072 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
2,786 sqft
Lot size
0.54 acres
Year built
1987
Type
Single Family Residence

Source: GAMLS #10355632

Loan
Remaining term
26 years, 4 months
Rate
2.75%
Monthly P&I
$1,236
Remaining loan balance
$277,827

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Oct 23, 2024 08:36 am
Listing agent: roberto h. cortez (404) 513-2477
Listing provided courtesy of: BHGRE Metro Brokers (404) 843-2500
Details provided by GAMLS and may not match the public record.
MLS ID: #10355632
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.
$1,236/mo
View details