1060 Sewell Church Rd Mansfield, GA 30055
Your savings
About this home
Discover country living at its best with this charming home nestled on 5.61 acres in the desirable Morgan County School District. The property offers the perfect blend of open space and wooded privacy, complete with a stream flowing at the back for a serene setting. Enjoy your very own garden area, a chicken coop with daily fresh eggs, and even ducks roaming the grounds. Additional features include a storage building, shed, and plenty of space to make the land your own. Inside, the home surprises with a spacious, open layout-it feels much larger than it appears from the outside. Whether you're looking for a hobby farm, a private retreat, or simply room to breathe, this property delivers the best of both worlds: peaceful country living with plenty of possibilities. Perhaps even build your new dream home and turn this in to a work shop or guest house The possibilities are endless When using the DeAnn Ellis Team with Element home loans you can get up to $2500 in lender closing cost credit. Call Today to get pre-approved. Her cell is (770) 616-8042.
Source: GAMLS #10614927
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.