2688 Cranston Ln Duluth, GA 30096
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About this home
This is it! From front porch sitting to back deck living, this home has it all! The vaulted living room boasts a floor-to-ceiling stone fireplace, with beautiful original hardwoods. Natural light pours into this spacious living area, with fresh paint & modern light fixtures. The updated kitchen includes quartz countertops, solid-wood custom shelves, stainless steel appliances, a large, sparkling porcelain sink & an abundance of cabinet storage. Step out of the dining space onto a private, covered patio - with a brand new deck! Enjoy a serene, wooded retreat, as you sit beneath the tin roof and sip your coffee. Venture upstairs to find solid, white oak custom flooring in the hallway and all three bedrooms. Discover the oversized primary bedroom with two large closets, en suite with a bathtub, and bright windows that flood in the sunlight. Sit on the front porch and you'll soon see neighbors, constantly out walking in this quiet & peaceful community. Other features include a new HVAC system, an expansive 2-car garage complete with cabinets & shelving, and a storage shed on the side of the house. Located less than 10 minutes from both Downtown Duluth & Historic Norcross, a new adventure is always nearby! Nestled toward the middle of the neighborhood, this home feels tucked away, though just a few minutes from grocery stores, restaurants & more. Convenience, coziness, character & charm. This treasure of a property is move-in ready, only waiting for you... Welcome home!
Source: FMLS #7632675
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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.