2318 Marbleridge Dr Gainesville, GA 30501
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About this home
Here's a wonderful opportunity to own your beautifully renovated home in the established, quiet community of Sandridge Commons at Lake Lanier! This large, end unit, townhome with high ceilings and lots of storage, includes a welcoming entry with wood floors, a half bath, and convenient laundry room. The kitchen features all new: wood floors, cabinets and granite countertops, along with a farmhouse sink, and appliances with views to the family room and separate dining room. The spacious family room includes a soaring, vaulted ceiling, new carpet, and an electric fireplace where you'll enjoy cozy mornings and evenings. Located just off the family room, your primary bedroom with new carpet, a walk-in closet, and ensuite with granite countertops is a welcome retreat. Outside, and just off the family room, you'll enjoy an intimate patio with a privacy fence, perfect for entertaining. Upstairs, you'll find 2 spacious loft areas perfect for an office, study, or warm, library area. A second large bedroom has 3 closets, with one being a walk-in. This bedroom, and a third bedroom with a large walk-in closet, will share a large bath with an additional clothes closet and a linen closet. You'll enjoy being close to Lake Lanier, easily accessed by nearby Thompson Bridge Park, shopping, dining, and the downtown square with all combining for an active and enjoyable lifestyle. Call today for your private tour!
Source: FMLS #7655586
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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.