1408 Fairfield Dr SW Lilburn, GA 30047
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About this home
Price Reduced! Motivated Seller! Don't miss this incredible opportunity to own a charming 3-bedroom, 2-bath ranch-style home in the highly sought-after Head Elementary/Brookwood High School District! This is not your standard cookie-cutter home. Come for the charm and character. Nestled in a peaceful Lilburn neighborhood, this beautifully maintained home offers the perfect blend of comfort and convenience. Step inside to a welcoming stone-floor foyer that sets the stage for the inviting spaces ahead. To your left, a spacious L-shaped living and dining area awaits, ideal for entertaining or cozy family dinners. The heart of the home the sunlit kitchen features a lovely bay window that fills the space with natural light, making it the perfect spot to enjoy your morning coffee. Just off the kitchen, the family room's stunning stone fireplace promises warm, memorable evenings. Retreat to the expansive primary suite, complete with an amazingly generous walk-in closet for all your storage needs. Outside, the fenced backyard provides a private oasis perfect for weekend barbecues, pets, or simply unwinding in your own serene escape. The front and back yards are spacious. None of this sitting on top of your neighbors with this home. A long, level driveway offers ample parking. Located in a prime neighborhood with top-rated Brookwood schools, this home isn't just a place to live but a place to thrive. Don't wait. Schedule your showing today before this gem is gone! Ask about the Allowance that you can use to make this just to your liking!
Source: GAMLS #10463531
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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.