1225 Arthur Ct Lawrenceville, GA 30043
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About this home
Welcome to this spacious and beautifully 4-bedroom 2.5 Bath home, ideally situated on a quiet cul-de-sac street in a highly desirable swim/tennis community The Hadaway within the Mountain View High School district. Kitchen comes with beautiful granite counter tops, stainless steel appliances, and a breakfast area which oversees the family room, fireplace, and the lovely wooded & very private backyard. King sized master has trey ceilings, beautiful tile floor, and a fireplace! Master bath has his and her sinks, jetted tub and separate shower. Formal Living Room/Office and Formal Dining Room. With a 2-car garage and a generously sized driveway, parking is never an issue. Located just 10 minutes from the Mall of Georgia, you'll have easy access to a wide array of shopping, dining, and entertainment options, including the nearby Gwinnett Stripers stadium. This home offers comfort, convenience, and community in one of the area's most sought-after locations.
Source: FMLS #7659177
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.