106 Thornwood Dr Woodstock, GA 30188
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About this home
Welcome to 106 Thornwood Dr in Woodstock, GA! This beautifully updated home sits on a generous 0.7-acre level lot with a fully fenced backyard, perfect for pets or outdoor entertaining. With NO HOA, you have the freedom to make it your own! Step inside to the formal living room, featuring a cozy fireplace and built-in bookcases that create a warm and inviting atmosphere. The kitchen is a chef's or host's dream, boasting a large island with seating, sleek stainless steel appliances, ample cabinetry, a formal dining area, and access to the grand outdoor living space on the deck overlooking the lush backyard. The primary master suite is a true retreat, offering abundant natural light, a luxurious ensuite with a soaking tub, and a stunning floor-to-ceiling tiled shower. The two additional bedrooms are spacious and bright, sharing an updated full bathroom with modern fixtures. The fully finished lower level is ideal for multi-generational living, rental income, or extra guest space. It features a beautiful second kitchen, two bedrooms, a bonus room (perfect for an office, playroom, or additional bedroom), and a full bathroom with another soaking tub and floor-to-ceiling tiled shower. Laundry is conveniently located on both the upper and lower levels of the home. Situated in a prime Woodstock location and nestled in a tree-lined neighborhood, this home offers the best of both worlds-peaceful suburban living with easy access to local amenities. Enjoy nearby parks, shopping, dining, and top-rated schools, all while being just a short drive from downtown Woodstock's vibrant community. Don't miss the opportunity to own this stunning home with the perfect balance of indoor and outdoor living spaces. Schedule your private tour today and discover all that this property has to offer!
Source: FMLS #7557005
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FAQs
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.
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.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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