71 Lee Ave Cedartown, GA 30125
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About this home
Welcome to 71 Lee Avenue, a beautifully maintained 3-bedroom, 2-bath home nestled on a 1.03-acre semi-private lot. Designed for comfort and convenience, this property offers both modern touches and plenty of space to spread out. Step inside to discover a bright, open main level featuring 1,514 sq. ft. of living space. The heart of the home is the chef-inspired kitchen with stainless steel appliances, custom cabinetry, and an unbelievable walk-in pantry-a dream for any home cook or entertainer. Just off the kitchen, the laundry/mudroom provides a practical transition from the garage, keeping the home tidy and organized. The living room is warm and inviting, highlighted by a gas fireplace, making it the perfect gathering spot for family and friends. All three bedrooms and two full baths are located on the main floor for easy, everyday living. Downstairs, the partially finished full basement offers incredible flexibility with a dedicated workout room and plenty of extra storage space. Outside, enjoy the peaceful surroundings of the spacious lot, complete with an outbuilding for equipment storage and two greenhouses-perfect for gardening enthusiasts. This home truly blends functionality with charm, offering room to grow and spaces to enjoy. Don't miss the chance to make 71 Lee Avenue your new address in Cedartown!
Source: GAMLS #10588671
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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.