2012 Arbor Springs Way Buford, GA 30519
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About this home
HURRY UP! THE SELLER IS MOTIVATED TO SELL AND IS REDUCING THE PRICE AGAIN. SELLER SAID HE WANTS TO REVIEW ALL OFFERS. YOU CAN GET RENTAL INCOME FROM THE THREE IN-LAW UNITS IN THE BASEMENT WHILE YOU ARE LIVING IN THE HOUSE. THE THREE UNITS HAVE A SEPARATE ENTRANCE FROM THE MAIN HOUSE. IMPORTANT: THIS COMMUNITY DOESN'T HAVE RENTAL RESTRICTIONS. This stunning 4-sided brick ranch is full of upgrades and perfectly designed for comfort, style, and everyday living. Inside, you'll find gorgeous Brazilian cherry hardwood floors, an open floor plan, and a spacious primary suite on the main level with a built-in safe and master bathroom with a warming feature for the wintertime. Two secondary bedrooms on the main floor and the 4th bedroom upstairs. All bedrooms in this house include en-suite bathrooms, offering privacy for every occupant. The plantation shutters, custom trim, and built-ins throughout give the home a classic. Enjoy the bright sunroom/keeping room, cozy gas fireplaces, and a kitchen with granite countertops—perfect for cooking and entertaining. Downstairs, the finished basement features a game room, exercise room, workshop, office, or extra bedroom with its private entrance in addition to the three in-law units. Whether you're accommodating extended family, multi-generational living, or looking for income-producing rental potential, this setup makes it easy and convenient. All appliances stay with the house for your convenience. With 3 garage spaces, a large fenced backyard, and a huge expandable attic, this home truly has it all. Located in a highly desirable area of Buford, this property is move-in ready and built to impress. See this one-of-a-kind home today before it's gone!
Source: FMLS #7604251
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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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