619 Lovinggood Trl Woodstock, GA 30189
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About this home
BACK ON MARKET at no fault of sellers!! Enjoy YEAR ROUND LAKE ACCESS and no dock maintenance at this pristine, one-owner Lake Allatoona home! Have you been dreaming about more time on the lake, and less time spent on your to-do list? How about a paved cart path to the marina? Well call your movers, this immaculate and lovingly maintained custom home has space for all (and you're going to need it once your friends hear you bought a lake house), countless upgrades and a private backyard that backs to Corp Property and Lake Allatoona! Gorgeous 2-story foyer greets you with newer marble and hickory hardwood floors, custom doors and iron railings, primary suite on main level with incredible views of the park-like backyard, bonus secondary suite and spacious bedrooms on the upper level, natural light-filled white kitchen with picture perfect views, and awesome entertaining deck are ready for you to move right in and start hosting the whole crew! Don't miss the screened porch off the kitchen and the full unfinished basement that's already framed and stubbed for you to finish exactly how you'd like, and there's even a workshop and outdoor shower. Stunning new picture and casement windows throughout, newer tankless water heater, central vacuum system, upgraded insulation and Trane AC units, irrigation system, and easy lake access!! Load the cooler and take the exclusive paved cart path to the community dock at Victoria Marina for endless summer days and exceptional sunsets, without having to leave the neighborhood! Just imagine the lifelong memories you’ll make when you can hit the lake anytime you want!!
Source: FMLS #7605277
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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.