202 Roseman Way Woodstock, GA 30188
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About this home
Tucked just off Highway 92 in the beautifully maintained Madison Falls community, this Cherokee County home offers quick access to I-575, the Peach Pass lanes, East Cobb, Roswell, and GA-400. Featuring five bedrooms and three full baths, the layout includes a soaring open great room with an adjoining dual fireside bonus room, a main-level guest suite with a full bath, and a private office with custom built-ins. The kitchen provides a walk-in pantry and eat-in dining area, complemented by a separate formal dining room ideal for hosting. Upstairs, the oversized primary suite includes a custom closet and a versatile flex space, while high ceilings and generously sized rooms throughout give the home a larger feel than photos capture. Recent exterior paint, roof replacement, and a new water heater, along with well-serviced HVAC systems, highlight the care the sellers have taken in ownership. The low-maintenance yard is compact yet provides usable outdoor space. Neighborhood amenities including a pool and playground are just a short walk away. In case you missed the previous price adjustment, this home remains one of the strongest values in the immediate area. With shopping, dining, groceries, and major retailers all within five miles, you can reach downtown Woodstock, the Outlet Shoppes, or head the other way toward Alpharetta and enjoy easy access and convenience at a price that just a year ago would have never been thought possible. Come see this well-maintained home in an established, vibrant community today.
Source: FMLS #7599717
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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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