118 Reunion Pl Acworth, GA 30102
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About this home
This well-maintained 5 bedroom, 4 bath house on a full basement in AcworthCOs sought-after Centennial Lakes is ready for you to call home! This pristine, open-concept home is ready for you to move right in! This home has so many lovely built-in touches. Upon entering the home, you will see a flex room that could be used as a formal living room, office, or playroom. Host plenty of family and friends for dinner in the formal dining room with its coffered ceiling. The open kitchen boasts beautiful, white cabinets, granite counters, tons of counter space, a large island, a walk-in pantry, and a view to the family room. Your guests will never miss the game or movie when they sneak into the kitchen for a snack! In the family room, sit next to your built-in cabinetry and turn on the gas logs in the fireplace to relax. All 4 secondary bedrooms are large and one is a teen suite with a private full bath! YouCOll find the roomy primary suite which offers a luxurious retreat, with a walk-in closet, separate soaking tub and Chat with neighbors from your rocking chair front porch or retreat to the back yard featuring a covered patio wooden privacy fence, and plenty of usable, level space. All kitchen appliances stay! Centennial Lakes neighborhood amenities include a Jr. Olympic pool with slide, six tennis courts, fishable lakes, trails, playgrounds, volleyball, basketball, and clubhouse. Centennial Lakes offers award winning schools, easy access to I-75, I-575, and shopping, and is just 15 minutes to downtown Woodstock and 10 to downtown Acworth. Perfect for those looking for a community and not just a home!
Source: GAMLS #10514236
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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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