8965 Creekstone Pl Gainesville, GA 30506
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About this home
Take advantage of this incredible financing option! This home comes with an assumable FHA loan at a low 4% interest rate - HUGE savings compared to today's market rates. Qualified buyers can step into this mortgage & enjoy thousands in potential interest savings over the life of the loan. Stunning 4-Bedroom Home with Finished Basement & Saltwater Pool in Sought-After Swim/Tennis Community. Welcome to your dream home! This beautifully maintained 4-bedroom, 3.5-bath residence offers the perfect blend of style, comfort, and convenience in one of the area's most desirable neighborhoods. Step inside to find a spacious, open layout featuring newer paint throughout and elegant granite countertops in the kitchen. Enjoy peace of mind with major upgrades already done for you, including a new roof, new HVAC, and a new tankless water heater. The fully finished basement offers endless possibilities-ideal for a home theater, gym, or guest suite. Step outside to your own private oasis! The inground saltwater pool features a brand-new salt cell and is secured with a LifeSafety fence-perfect for both entertaining and peace of mind. A brand-new deck and patio overlook the fenced backyard, offering a serene space to relax or host gatherings. Located in a sought-after swim and tennis community, this home is zoned for top-rated schools and is just minutes from shopping, dining, and major highways-making your daily commute a breeze. *** Ask about $5,000 credit paid by seller to go towards flooring!*** Don't miss this incredible opportunity to own a move-in ready home with luxurious upgrades and an unbeatable location!
Source: GAMLS #10540854
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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.