110 Covered Bridge Rd Sautee Nacoochee, GA 30571
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About this home
BEAUTIFUL FOUR SIDED BRICK HOME WITH MOUNTAIN VIEWS ON NEARLY 2 PRIVATE ACRES...EXCELLENT location between Clarkesville and Helen for all shopping, dining, and outdoor festivals & activities! SPRAWLING home with welcoming curb appeal and room to expand on UNFINISHED basement. Foyer entry welcomes you into the formal Living Room and Formal Dining Room, perfect for entertaining friends and family. COZY Family room with gas fireplace leads into the super FUNCTIONAL Kitchen with abundance of cabinetry, full appliance package, pantry, and eat-in breakfast room. Sunroom off the Kitchen featuring windows galore overlooking the private, wooded backyard and exterior access to the back deck, perfect outdoor living area and grilling out spot! Owner's suite features private en-suite bathroom with walk-in shower. Two SPACIOUS Guest Bedrooms sharing the second full bathroom with tub/shower combination. FULL, UNFINISHED Basement with great potential for future expansion or current storage! Incredibly private lot with nearly 2 acres of land featuring expensive yard, outbuilding, garden area, and RV parking complete with electric hook up. BONUS, walkable distance to Old Covered Bridge to get fresh air and exercise or to enjoy a picnic and swim. Call our team today for your private tour.
Source: GAMLS #10645957
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Close stress-free in 45 days, handled start to finish by Roam.
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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.