4983 Millwood Dr Canton, GA 30114
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About this home
Executive Home with perfect basement kitchenette in-law suite, and private backyard. This beautiful home is the perfect setting starting with the warm inviting front porch that's brick laid. A two story foyer makes an impressive entrance along with the detailed trim work and showing off the recent refinished hardwood flooring throughout the main level. Front sitting room with bay windows over looking the oversized dining room. The large family room offers a gas fireplace and coffered ceiling overlooking the private wooded backyard. The kitchen is a culinary dream with walk-in pantry, ss GE double ovens, microwave, gas cooktop and under counter lighting. There is a bedroom off the kitchen that could be turned into a private office for the work from home professional or a quiet playroom for the children with a quick close the door clean! The second floor offers and over sized primary suite with sitting area and primary bathroom with double vanities, tiled walk-in shower with double heads, and his and her closets. The secondary bedrooms are more than spacious with walk-in closets. Let's not forget the incredible bonus room with fireplace on the second floor too great for the kids and gaming. The second floor has all brand new higher end carpet as it should. The finished basement is just another amazing feature of this home offering an LVP flooring with a mini kitchenette, a bedroom and full bath. Three amazingly large rooms for extra TV football nights, pool table and ping pong rooms and what could be a crafting or large workout room. Great in-law suite even! Walk out onto the back patio and enjoy the stone fireplace that overlooks your wooded backyard. The backyard backs up to Green Space with a small crick fun for kids! You won't be disappointed. The roof is approx 5 years old a brand new hot water heater and new in 2022 was HVAC for second story.
Source: FMLS #7643751
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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.
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