16540 Hopewell Rd Alpharetta, GA 30004
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About this home
Welcome to 16540 Hopewell Road, a beautiful Milton retreat that combines country charm with everyday comfort. Set on seven magical acres, this property was designed for those who love animals, outdoor living, and a peaceful way of life. Built in 1995, the home features five bedrooms and five and a half baths (including a steam shower). It has been freshly painted and is ready for you to make it your own. The living spaces are open and inviting, leading out to large decks that overlook the back pasture. The views are incredible, and the setting is perfect for entertaining or simply enjoying a quiet morning coffee. A large pool adds to the appeal, offering the perfect spot to relax, unwind, and take in breathtaking sunsets over the water. Wake up to beautiful sunrise views from the primary bedroom, where the soft morning light fills the room and the peaceful surroundings set the tone for the day. The land itself is something special. Two front pastures provide plenty of space for grazing animals, and the three-stall barn with a feed room is ideal for horses or other animals. Behind the home, about three and a half acres are lightly wooded and fully fenced, giving animals room to roam safely. A small creek runs along the back of the property, providing a natural water source and adding to the peaceful feel of the land. From sunny afternoons by the pool to evenings watching the sun set over the wooded pasture, 16540 Hopewell Road offers a lifestyle that feels both relaxed and full of possibility. It’s the perfect place to create your own outdoor retreat in the heart of Milton.
Source: FMLS #7679285
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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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