502 Huntgate Rd Woodstock, GA 30189
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About this home
$5000 Price reduction!!!Welcome to 502 Huntgate, located in the sought after Wyngate community. Nestled at the top of a quiet cul-de-sac you'll enjoy the convenience of access to the bustling downtown districts of Woodstock, Acworth and Canton boasting expansive dining and entertainment options. Cherokee county has many parks and recreation areas, several of which are walking/running/riding distance from the house. The neighborhood itself has fantastic amenities featuring 2 pools (1 salt water), tennis, pickleball, basketball, playground and swim team. As for the home itself it's upgraded with hardwoods throughout the main level, granite countertops in kitchen and upstairs bathrooms. This open floor concept gives way to your imagination and individual functionality. The flex space has been used as an office, gym, dining room, playroom and expanded living room. The backyard is full of possibility, with two garden boxes already in place ready for you to plant and sew, screen porch for relaxing, patio overlooking nature, and open area for the kiddos to play. Upstairs the primary suite features oversized shower, corner soaking tub, elevated his and hers vanities with a plethora of storage and tile flooring. A full bath, two additional generously sized bedrooms and an extra-large bonus room accompany the primary suite. The bonus room has incredible natural light suitable for everyday living or an artist's retreat. This area also offers endless possibilities, having been used as a photography studio, playroom, office/gym, bedroom and nursery. Make sure you check out the extra attic spaces in the bonus room, and hall closet as well as the wrap around pantry, all easy to miss. The garage fits a large SUV with ease and is complete with drop down storage for all your extras. You don't want to miss out on this home!!!
Source: FMLS #7609082
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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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