240 Rose Ridge Dr Canton, GA 30115
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About this home
As you enter the columned entrance to Sweet Briar Manor, you will certainly be impressed with the lush landscaping on this very private 5.08 acre cul-de-sac lot. Enter this amazing home into the 2-story grand foyer flanked by the banquet-sized dining room and spacious living room with stone fireplace and coffered ceiling. From there you will enter the expansive kitchen and keeping room w/ fireplace featuring stainless steel appliances, granite countertops, plenty of cabinetry and a walk-in pantry. From here you’ll overlook the beautiful in-ground salt water pool. Also on the main level is a large primary suite with a sitting room, large bedroom with fireplace and a luxurious bath with separate double vanities, soaking tub and large walk-in shower. There is also one other bedroom on this level with its own bath. Climb the staircase to a nice sitting area and 2 large bedrooms with each having its own bath. Oh, and don’t miss the expansive walk-in attic space that can easily be finished or used for storage. The basement level is a perfect in-law suite/apartment and is basically a home within itself that includes a second primary suite just like on the main level, a full oversized kitchen with huge island overlooking a large family room with the 4th fireplace and a possible 6th bedroom. The terrace level also features its own driveway with its own entrance and patio. Outside you will find a large deck, screened porch and terrace level patio all overlooking the salt water pool with fountains ready for entertaining on those summer days. This property will certainly not disappoint! Watch for additional professional photos to be added soon.
Source: FMLS #7576576
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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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