5114 Verbena Dr NW Acworth, GA 30102
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About this home
Move-in ready, multi-generational living just 5 minutes from I-575 AND I-75 in the popular Chestnut Hill community offers smart, flexible living ideal for multiple generations under one roof. Two story foyer greets you as you walk in the front door. A formal living room or HOME OFFICE stands ready for business on the left. To the right is a formal dining room for holiday dinners with family and friends. The kitchen, breakfast room and family room have unobstructed sightlines to enjoy togetherness. There is a huge deck overlooking the FENCED BACKYARD. When entering from the two car garage there is only one step into the mud room where the pantry and half bath are located just off the kitchen. (Be sure not to miss the strogae room or workshop in the corner of the garage.) The heart of the home features plenty of cabinets and counter space as well as a large kitchen island facing the family room and breakfast room. Upstairs you will find an oversized primary bedroom with tray ceiling and a seperate sitting room with vaulted ceiling. The primary bathroom offers dual vanities, seperate shower, and a generous jetted soaking tub. There are three additional bedrooms upstairs including a huge teen suite, office, or playroom over the garage. The home has solid NEWER mechanicals with the ROOF and HVAC that are only a year or two old. There is loads of storage throughout. The daylight FINISHED BASEMENT includes a cavernous great room, a bedroom, a full bath, and two unfinished portions for additional storage. From the basement there is a screened porch under the deck for outdoor enjoyment. The very hot Chestnut Hill community's amenities include multiple tennis and pickleball courts, clubhouse and huge pool. They are at the end of Larkspur Blvd, then take a Right. There are also two community lakes for fishing and kayaking. The neighborhood has so many community events including BBQ and Chili cook offs, foodtruck nights, farmers markets, memorial Day, Independence Day, Easter Bunny, and Christmas celebrations.
Source: FMLS #7669228
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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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