632 Owl Creek Dr Powder Springs, GA 30127
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About this home
Elegant 5-Bedroom Estate in Prestigious Community | A-Rated Schools | Designer Finishes & Spacious Basement Discover refined living in this impeccably maintained 5-bedroom, 3.5-bath residence, nestled in a distinctive, upscale community known for its charm and individuality - far from the cookie-cutter norm. Zoned for top-rated schools, this exquisite home offers the perfect blend of luxury, comfort, and function. Step through the grand two-story foyer into a world of timeless sophistication. Rich hardwood floors flow throughout the house, where you'll find a primary suite on the main floor, ideal for ultimate privacy and convenience. 4 bedrooms have direct access to a full bath, ensuring comfort and convenience for family and guests alike. An abundance of natural light accentuates the home's open and airy layout, with a catwalk-style hallway upstairs offering stunning views of the backyard below. The gourmet kitchen is a chef's dream, featuring stainless steel appliances, a gas cooktop, and seamless access to the formal dining room and gracious living spaces, perfect for entertaining on any scale. A true highlight of this home is the expansive basement, offering endless possibilities for a home theater, fitness studio, wine cellar, or additional living quarters - all tailored to your lifestyle. Step outside to a generously sized deck, ideal for hosting or unwinding, all surrounded by a serene and private backyard oasis. Recent enhancements - including a new roof, new AC, and premium gutters with leaf protection - ensure this home is as functional as it is beautiful. Reside in a community that offers resort-caliber amenities: pool, lazy river, tennis courts, volleyball, basketball, playgrounds, and picturesque sidewalks for evening strolls. This is more than a home - it's a statement of style, space, and sophistication. Schedule your private tour today!
Source: GAMLS #10617602
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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.