255 Jefferson Ave Canton, GA 30114
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About this home
2.75% interest rate with ASSUMABLE FHA MORTGAGE! INSTANT EQUITY! Priced BELOW APPRAISED VALUE! This beautiful 3-bedroom, 2,312 sq ft home has a spacious layout with a main-level office, beautiful kitchen, family room with fireplace, and the primary on the main. Enter into the well lit foyer to find loads of natural light, warm toned modern flooring, and neutral paint throughout. Just off the entry is a home office with great windows overlooking the front yard. Continue on into the main living quarters where you will find your open concept family room, kitchen, and dining space. The family room features a cozy fireplace and direct access to the back patio. The kitchen has top of the line finishes including white cabinets, stainless steel appliances, stone countertops, a center island with bar seating, and a pantry. The adjoined dining room offers a great space to entertain with a view into the family room. The primary bedroom is oversized with space for a seating area, a modern tray ceiling, an en suite bath complete with an large shower and double vanity. Also located on the main are your laundry room and a half bath. Head upstairs where you will find a finished loft space offering you flexibility for an additional seating area, game room, play area, or study. This is a great bonus space to fit to your needs. The two additional bedrooms are well sized, offer walk in closets, and share the second full bath with shower-tub combo. You will fall in love with the enclosed back patio complete with ceiling fan and a stunning view of the landscaped backyard. The fenced backyard is a great size to enjoy, yet easy to maintain. This home offers loads of curb appeal with a flat driveway, covered front entry, and beautifully manicured landscaping. Centrally located in the heart of Canton with close proximity to Hickory Log Reservoir, shopping, dining, and I-575. You will enjoy easy access to local attractions such as Downtown Canton, The Mill at Etowah, and other community parks and events. This is a fantastic home tucked away in the highly sought after community of Towne Mill offering amenities such as swim, tennis, a park, and so much more!
Source: FMLS #7647077
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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.