5960 Bridge Stone Ct Cumming, GA 30028
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About this home
Owners MOTIVATED, Bring Offers! This beautiful home has an ASSUMABLE 3.5% VA MORTGAGE. Welcome to the prestigious Parkstone subdivision of North Forsyth County. This former model home is ideally located on a horseshoe cul-de-sac lot in the convenient front section of the neighborhood. There is a large greenspace area directly across from the home within the horseshoe cul-de-sac which is a favorite play area for the residents of the neighboring homes. This northeast facing home features an aesthetically pleasing brick and stone front and boasts a rocking chair front porch. There is an oversized 2 car side entry garage. The well-manicured backyard gently slopes down to Cogburn Creek. A peaceful and comfortable screened in porch with a storage closet overlooks the serene backyard. The interior of the home features a bright open floor plan with an eat-in-kitchen, stainless steel appliances, walk in pantry and a built-in desk. The great room boasts a dry bar and a wood burning fireplace with stacked stone reaching all the way to the top of the 20-foot ceiling. A formal dining room and a half bath complete the main level. Upstairs you will find an oversized master bedroom with a walk-in closet, full bathroom with double vanity and a jetted tub. Three additional bedrooms and a full bathroom are also on the upstairs level. The fully finished daylight lower level is a perfect in-law or teen suite with a large bedroom as well as a full bathroom, sizeable living area and separate entrance. The Parkstone community is top notch with excellent amenities. There is something for everyone. Walking trails, swim, tennis, pickleball, playground, fishing pond with dock, clubhouse, fun community events and award-winning schools make this a wonderful place to live.
Source: FMLS #7627150
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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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