7055 Concord Brook Ln Cumming, GA 30028
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About this home
This exceptional two-story home combines timeless style with modern comfort, creating the perfect setting for both everyday living and entertaining. From the moment you enter, you are welcomed by a formal living room and dining room, ideal for hosting family gatherings or special occasions. The heart of the home is the open-concept island kitchen, thoughtfully designed with a corner pantry, abundant counter space, and a breakfast area that flows seamlessly into the soaring two-story great family room. Bathed in natural light and centered around a cozy fireplace, this space is the ultimate gathering spot for friends and family. The main level also offers a private secondary bedroom with a walk-in closet and access to a full bath—perfect for guests, multigenerational living, or a home office. A convenient coat closet off the foyer adds to the thoughtful design. Upstairs, the owner’s suite is a true retreat, featuring a spa-inspired bath with dual vanities, a separate tub and shower, a linen closet, and an oversized walk-in closet designed to keep everything beautifully organized. Three additional bedrooms provide ample space for family or guests, each with generous closet storage. Two full bathrooms, a spacious laundry room, and an extra linen closet complete the second floor, ensuring both comfort and convenience. With its combination of elegant living spaces, practical design, and abundant storage, this home offers the best of both worlds—style and functionality. Low property taxes and access to some of the area’s top-rated schools make it an even more attractive choice for families looking to plant roots in a desirable community. Whether you are hosting a celebration in the formal dining room, gathering around the fireplace in the two-story great family room, or retreating to the luxury of the owner’s suite, this home is designed to elevate your lifestyle in every way.
Source: FMLS #7640925
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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.