313 Summit Ridge Dr Lawrenceville, GA 30046
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About this home
Welcome home! Seller is offering up to $10k Buyer concession with a full-priced offer. Stunningly renovated, this five-bedroom, three-and-a-half-bathroom home effortlessly combines classic charm with modern elegance. Nestled on a spacious 0.72-acre lot, this home offers privacy, ample outdoor space, and a host of upgrades for you and your family. This beautifully designed living space features a separate suite, complete with a full bathroom, tucked away with entry from the garage. It is perfect for teens, in-laws, and guests. The upgrades galore includes new flooring throughout, fresh indoor and outdoor paint, an updated kitchen featuring new cabinetry, and quartz countertops. A cozy family room with a gas fireplace provides the perfect gathering space. Each of the three full bathrooms and one half-bath features modern fixtures, adding a touch of luxury to the home's design. A partially finished basement expands the living area, offering space for a home office, media room, or playroom while leaving ample space for you to expand as you please. Outside, the private fenced backyard invites relaxation with a large deck, perfect for entertaining and enjoying the Georgia sunshine. The two-car garage with side entry adds convenience, while the beautiful landscaping enhances the home's curb appeal. Located just minutes from downtown Lawrenceville, residents will enjoy easy access to shopping, dining, entertainment, and nearby schools. This thoughtfully upgraded home is a rare find in a prime location and NO HOA. Don't miss the opportunity to make this house your new haven. Schedule a tour today and experience this exceptional property firsthand!
Source: GAMLS #10518429
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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.