109 Waverly Way Lagrange, GA 30240
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About this home
Discover this charming cottage-style home that perfectly captures the essence of cozy living with a touch of whimsy. Nestled in a postcard-perfect setting, this delightful 2-bedroom, 1-bathroom residence offers 1,143 square feet of thoughtfully designed living space that proves good things truly do come in perfectly sized packages. The quality construction shines throughout, showcasing attention to detail that makes this home stand out from the crowd. Each room flows seamlessly into the next, creating an inviting atmosphere that welcomes you home after a long day. The cottage charm is evident in every corner, from the carefully crafted architectural elements to the warm, welcoming interior that practically begs for lazy Sunday mornings and evening gatherings with friends. Location enthusiasts will appreciate being just moments away from the vibrant heart of downtown LaGrange, where local restaurants, shops, and entertainment venues create a bustling community atmosphere. The Thread trail system beckons outdoor enthusiasts with scenic walking and biking opportunities right at your doorstep. For families, the proximity to LaGrange High School adds educational convenience to the neighborhood's many attractions. This premier location combines small-town charm with modern accessibility, offering the best of both worlds. Whether you're a first-time homebuyer seeking character and convenience, or someone looking to downsize without sacrificing quality, this cottage presents an opportunity to embrace a lifestyle where everything you need is within reach, wrapped up in an absolutely adorable package. Call your Favorite Realtor Today to Learn More.
Source: GAMLS #10599234
Neighborhood
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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.