3730 Lakeheath Dr Cumming, GA 30041
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About this home
Exceptional value for the neighborhood! Owners must relocate, but will certainly miss their turn-key, lovingly-renovated ranch home, set on a large level corner lot, adjacent to two cul-de-sacs and nestled deep in the subdivision, away from traffic and road noise. The home has been meticulously cared for and offers stylish, modern renovations as well as easy one-level living. Bring your best offer — this one shows beautifully in person and won’t last long. Step inside this light-filled home offering 3 bedrooms, 2 baths + 336 SF of flex space located in Brookwood, an active pool/tennis/pickleball community in the highly-rated Lambert High School district, on the border of Johns Creek. Imagine holiday gatherings in the oversized family room with cozy corner fireplace, and prepping your favorite meals in the eat-in kitchen with fresh paint, gorgeous level 3 granite countertops, newer, upgraded appliances, and new LVP flooring. Sip your coffee each morning in the relaxing 336-sq. ft. four-season sunroom that overlooks maple and cherry blossom trees. Enjoy a private sanctuary in the stunning, spa-inspired master bath with Carrera porcelain-tiled shower, soaking tub, and double vanity. Two roomy, additional bedrooms provide flexibility for guests, a home office, or hobby space. The outdoor patio and fenced backyard make entertaining effortless, while the newer roof installed in 2020 adds peace of mind. Only minutes to Caney Creek Preserve and the new Medley and Johns Creek Town Center developments, which will rival Avalon with vibrant shops, restaurants, greenspaces, and walking trails. Also convenient to supermarkets, shopping, and dining, as well as Halcyon, The Forum, The Collection, Avalon, GA-400, and the sandy beaches of Lake Lanier. Seniors can take advantage of the property tax exemptions to keep costs down while enjoying this prime location close to all North Fulton and South Forsyth have to offer! Veterans also have the rare opportunity to assume the existing 2.25% VA loan. This home truly has everything—all it needs is you!
Source: FMLS #7660951
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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.