109 Smohalla Ct Waleska, GA 30183
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About this home
Spacious Contemporary Lake Front Home with Big Water Views and Deep Water at the Dock! The Gentle Walk to the Dock Makes the Lake Accessible for All. A Fabulous Wall of Windows is a Welcome Greeting and Allows Beautiful Lake Views Along with an Abundance of Natural Light. The Easy, Open-concept Living Space Features Soaring Ceilings, Magnificent Stone Fireplace, & Exposed Beams Which Create an Easy Living Ambience. The Crisp White Kitchen with Large Island and Plenty of Cabinetry Makes Meal Prep and Entertaining a Breeze. A Spacious Bedroom on the Main with Soothing Water Views Could Function as a Primary Suite or a Relaxing Guest Room for Overnight Lake Guests. The Beautiful Floating Staircase Makes an Architechtural Design Statement While Providing Access to Both the Upper Level as Well as the Walk-out Terrace Level. Upstairs, You will Find Two More Spacious Guest Rooms that Share a Full Bath Along with an Over-sized Primary Suite. The Primary Presents a Dramatic Vaulted Ceiling & Stunning European Spa-like Private En Suite w/Gorgeous Tile Shower, Custom Lighting & Luxurious Soaking Tub. The Walk-out Terrace Level Provides Another Guest Room and Full Bath, Additional Living Area and More Storage Space with Tons of Potential. The Lush Back Yard has Irrigation System from the Lake. Come Embrace the Lake Lifestyle and Start Making Lasting Memories. This Home is Ideal as a Full Time Residence, Weekend Get-a-Way or STR Investment. Fabulous Amenties. Gated Lake and Golf Community. 24 Hour Security. Lake Toys and Boat Negotialble.
Source: FMLS #7656671
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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.
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