5325 Highpoint Rd Flowery Branch, GA 30542
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About this home
wow! this home offers an incredible opportunity — an fha assumable mortgage with an interest rate around 3.5%. qualified buyers may be able to assume the seller’s existing loan, subject to lender and fha approval through roam. a rare find in today’s market. welcome to 5325 high point road, where comfort, updates, and convenience come together in the award-winning cherokee bluff school district. this beautifully maintained 3-bedroom, 2-bath split-level home offers a flexible layout and thoughtful upgrades throughout. step inside from the welcoming front porch to a bright, open living area featuring a cozy wood-burning fireplace and stylish lvp flooring. the updated kitchen shines with granite countertops, stainless steel appliances, and a spacious eat-in dining area surrounded by plenty of cabinetry for storage. upstairs, the primary suite is a relaxing retreat with a garden tub and updated bath, while two roomy secondary bedrooms share a modern hall bath with tile floors and upgraded vanities. the lower level provides even more flexibility — a laundry area, garage access, and a bonus room perfect for a gym, home office, or media space. out back, enjoy a private deck overlooking mature trees — no hoa means you can truly make this space your own. major updates include an hvac system less than 10 years old, a water heater just one year old, and an architectural roof only 12 years young. conveniently located near spout springs village shopping, i-985, the falcons training facility, ngmc braselton, lake lanier, and downtown flowery branch, this home is priced to sell and offers an unbeatable combination of charm, upgrades, and opportunity.
Source: FMLS #7640867
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Close stress-free in 45 days, handled start to finish by Roam.
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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.