145 Springwater Trce Woodstock, GA 30188
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About this home
Assumable loan at 3.125% rate - This isn’t your run-of-the-mill suburban home — it’s a front porch craftsman cottage with personality. Down a picturesque driveway, the home is tucked in what feels like a park-setting. Located in Springfield Place subdivision, this 3 bedroom, 2.5 bath home feels like a vacation escape but keeps you close to all the conveniences of Woodstock. The primary suite is on the main level, complete with a beautifully renovated bath Pinterest-style bath and walk-in closet. Convenient access to the wrap around porch is right off the primary suite - perfect for morning coffee or taking the dogs out. The living room gives you cozy fireside vibes, and the kitchen has newer appliances, and all the conveniences, with a little bit of rustic charm. Upstairs you’ve got your pick - two large bedrooms flank another full bath with skylight. Outside, the yard is big, green, and shaded — perfect for a trampoline, firepit nights, or just hanging out under the trees. There’s also a partially finished, daylight basement and a two-car garage for all your gear. Currently a workout space, this has been a workshop (with convenient double door access leading directly to the garage. Also - there’s a fantastic office with a door right out to the driveway. No need to walk around to the front door if you’re working from home, or need to step out for a call and some fresh air. The best part? Springfield Place is a swim/tennis neighborhood, and you’re minutes from Downtown Woodstock, trails, concerts, shopping centers galore, and everything else that keeps the city buzzing. Think cottage charm meets neighborhood living — and yes, it’s just as good as it sounds. Inquire about the assumable loan at 3.125%
Source: FMLS #7633676
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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.