3419 Redwood Forest Ln Powder Springs, GA 30127
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About this home
Welcome Home to Timeless Elegance and Modern Comfort! Nestled in a calm and quiet neighborhood, this spacious and beautifully maintained home offers a perfect blend of modern upgrades and classic charm. From the moment you enter the grand hallway, you’ll be greeted by an open, inviting flow leading to a bright and expansive living area, perfect for entertaining or unwinding after a long day. Enjoy luxury vinyl plank (LVP) flooring throughout the house, offering both beauty and durability. The gourmet kitchen features abundant storage, stained cabinetry, a center island, sleek stainless-steel appliances, and elegant countertops, designed to inspire your inner chef. The formal dining room, accented with crown molding, provides the ideal space for family meals and special gatherings. A large main-floor bedroom suite with private bath offers convenience and flexibility for guests or multi-generational living. Upstairs, the primary suite is a serene retreat, boasting vaulted ceilings, a spacious sitting area, and a spa-inspired ensuite with dual vanities, walk-in closet, a separate shower, soaking tub, and generous storage. Natural light fills every corner, creating an airy and uplifting ambiance throughout the home. Outside, the fenced backyard provides privacy and space for entertaining, gardening, or relaxing in peace. Don’t miss this opportunity to own a home that perfectly balances style, comfort, and function. Schedule your private showing today and discover why this beautiful home deserves to be yours!
Source: FMLS #7660980
Loan details
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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.