155 Butterton Ct Fayetteville, GA 30214
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About this home
Welcome home to your move in ready 2 bed, 2 bath, flex room, single story condo. This home features an open floor plan with a large sunroom overlooking wooded greenspace. The 1838 Sq. Ft. Canterbury Unit was recently modernized and upgraded with quartz countertops, Whirlpool kitchen appliances, a GE top loading washer and dryer, a standalone cabinet with a stainless-steel sink in the laundry room, new LED lighting fixtures and all new Moen faucets, various designer cabinet knobs and Mediterranean bronze door hardware. The vaulted great room with a gas fireplace has a trendy new lighting fixture and chandelier. The dining area opens to a spacious kitchen with a large pantry and extra clothes closet if you choose to use the bonus flex room as a bedroom rather than an office or exercise room. The hallway into the laundry room has a built-in desk and storage for office use. Engineered hardwood flooring and tile throughout make cleaning a breeze. The spacious two car garage with a new smart MyQ opener and insulated door has room for a workbench and storage cabinets. There is a clubhouse with a community pool, a full kitchen, a pool table and a work out room. The walking path has several benches just to sit and enjoy the wildlife and surrounding beauty. Conveniently located, you're just minutes away from downtown Fayetteville, Trilith, Peachtree City, Fayette Piedmont Hospital and the many shops and restaurants. It is a short 25-minute commute to the airport.
Source: GAMLS #10602168
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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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