2307 Loughridge Dr Unit 77 Buford, GA 30519
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About this home
Discover this exquisite home situated on a cul-de-sac lot, proudly owned by its original owner and showcasing an elegant traditional design. The home features a guest bedroom and full bath on the main level, along with a stunning two-story family room that boasts a wall of windows. A separate study or office, a large dining room with coffered ceilings, and beautiful wainscoting trim add to its charm. The kitchen is a chef's delight, complete with stainless steel appliances, granite countertops, and 42" cabinetry. Enjoy the ambiance of a stone fireplace with a raised hearth in the family room, complemented by 5' ledged craftsman trim throughout the home. The covered porch invites relaxation, while the outdoor kitchen offers a perfect spot for entertaining. Inside the kitchen, you'll find a 5-burner gas cooktop, double oven, and a convenient coffee bar. The home features a gas fireplace and high ceilings, extending even to the garage. Interior upgrades include 5" crown molding and 4" door trim, along with a newly upgraded front door. The formal dining room showcases coffered ceilings and wainscoting. The upper level houses four bedrooms and three full baths, while the main level includes one bedroom and a full bath. The upstairs features upgraded waterproof floor foam pads under the carpet, a two-vanity Jack and Jill bathroom, and a spacious laundry room equipped with electric plug-ins. Elegant tile adorns the bathrooms. The primary bedroom is generously sized, with an expansive primary closet offering space for an island, a beautiful newly made accent wall, as well as an additional closet for extra storage. The basement is designed for an open floor plan with double beams installed and is prepped with ductwork openings ready for installation. Climate control is ensured with a double unit HVAC system serving both the main and upper levels.
Source: FMLS #7674033
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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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