598 Amarante Cir Unit 49 Lawrenceville, GA 30046
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About this home
Exceptional Opportunity! Assumable 4.8% Loan Available! This is an absolutely unbeatable opportunity to own a magnificent 3-story townhome in the highly sought-after gated community of Towns at Enclave, where luxury living meets unprecedented financial advantage in today's competitive real estate market. This exceptional residence features a thoughtfully crafted open floor plan with 3 generously sized bedrooms and 3.5 bathrooms. Step through the front door and immediately experience the 9-foot ceilings on both the first and second floors that create an incredibly airy, spacious atmosphere throughout every room of this magnificent home. The true heart of this residence is the spectacular gourmet kitchen, a chef's dream equipped with granite countertops that provide both beauty and functionality. Flowing seamlessly from the kitchen, you'll discover a spacious and inviting family room that serves as the perfect gathering space. This prime location in charming Lawrenceville offers residents the perfect balance of suburban tranquility and urban convenience, with easy access to the vibrant downtown area featuring an impressive array of retail shops, diverse dining establishments ranging from casual to fine dining, and entertainment options for every taste and lifestyle preference, while the strategic proximity to major highway routes offers effortless commutes to Atlanta. Most importantly, seize this incredibly rare financial opportunity to assume the seller's existing mortgage at a desirable 4.8% interest rate. This significant advantage will help secure your family's place in a managed residential community.
Source: FMLS #7639448
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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.