5425 Belvedere St Cumming, GA 30041
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About this home
Move-in Ready 2-Bedroom, 2-Bath Home Near Lake Lanier Discover this charming 2-bedroom, 2-bath traditional home in Cumming, Georgia - just minutes from beautiful Lake Lanier! This move-in-ready gem is perfect for first-time buyers, offering fresh new carpet and interior paint that make the home feel bright and inviting from the moment you walk in. The kitchen is equipped with updated appliances, ready for your favorite recipes, and opens to a cozy dining area - great for casual dinners or hosting friends. The spacious living room provides plenty of room to relax, while both bedrooms offer comfort and privacy, including a walk-in closet. Step outside to a peaceful backyard, ideal for grilling out, gardening, or enjoying quiet mornings. Located near shopping, dining, and Lake Lanier recreation. This home is a perfect blend of affordability, comfort, and convenience - the ideal place to start your next chapter! Use GPS. Traveling north on GA 400, take exit 16 and turn right onto Pilgrim Mill Rd; Right on Pilgrim Point Rd, Right on Chrysler St, Right on Belvedere St. Disclaimer: All information provided, including square footage, lot size, and school assignments, is deemed reliable but not guaranteed and should be independently verified by the buyer during due diligence. Special financing available with approved buyer.
Source: FMLS #7650794
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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.