1660 Maple Ridge Dr Loganville, GA 30052
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About this home
FHA Assumable Loan @3.25% (call for more information) A Serene, Upgraded Retreat Perched gracefully on a knoll, this meticulously maintained, one-owner home is brimming with thoughtful details and high-end upgrades. As you ascend the stairs to the oversized viewing porch, you'll be transported to a mountain-like oasis. Surrounded by beautiful, established hardwoods and pines, you'll enjoy exceptional privacy, while vibrant azaleas and dogwoods offer a stunning pop of color throughout the property. Inside, you'll be welcomed by an expansive trim package, custom built-in bookshelves, top-tier cabinetry, upgraded appliances, and gleaming hardwood floors. New carpeting adds to the home's fresh, inviting feel, while the generous living spaces offer comfort and functionality for every need. The finished basement is a standout feature, providing endless possibilities-whether you envision it as a media room, exercise space, in-law suite, teen retreat, hobby area, or office. The space also includes a workshop, perfect for tools and projects, along with ample closet storage. The spacious main-floor owner's suite is designed to accommodate almost any bedroom set, offering a peaceful retreat with easy access to the home's main living areas including a private den or office just off the bedroom. Upstairs, the bedrooms are generously sized, offering plenty of space for both restful sleep and storage. Step outside to a large deck/patio area, ideal for entertaining or relaxing, complete with an outdoor kitchen and fire pit-perfect for cozy nights under the stars. An outdoor storage building is also included, providing extra space for your needs. With 50-year shingles, a limited lifetime siding warranty, and regularly serviced mechanical systems, you can rest assured that this home is built for longevity and peace of mind. Set on a picturesque 5-acre lot, this dream home offers the perfect balance of tranquility, convenience, and luxury perfectly situated between Loganville and Monroe. Shopping, restaurants, and grocery stores are 8 minutes away in either direction. Don't miss your chance to make it yours-contact us today for a private tour!
Source: FMLS #7560764
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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.