340 Magmar Ln Fayetteville, GA 30214
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About this home
Picturesque home on 3.9 acres. Enjoy the Peace, Tranquility and Privacy with the feeling of seclusion, yet so close to everything that you need. You can even bring your horses (zoned for up to 3). Just minutes to shopping & dining, community events in Downtown Fayetteville and music at the Ville Ampitheater. Expansive home with split bedroom plan on a partially finished basement. So much space! Includes a sunroom and a den, (both with fireplaces), powder room, and laundry room on lower level. And then the kitchen, a formal dining and living room on the next level. The kitchen features Silestone counter tops, glass tile backsplash, beautiful solid wood cabinets, and stainless-steel appliances. The master bedroom w/ a fireplace and bath and then 2 additional bedrooms & a bathroom are upstairs. The basement includes a living (or Theater) room, the 4th bedroom, and lots of storage space. There's an extra-large, 2 car attached garage with an extra space parking pad. In the back yard there is a brand-new huge private deck, a workshop and a garden shed and still plenty of the room for the horses and a garden. Fabulous Fayette County Schools! Close to Trilith Studios. Easy commute to the airport and ATL.
Source: GAMLS #10610578
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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.