1125 Canyon Oak Loop Richmond Hill, GA 31324
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About this home
Beautifully maintained townhome with plentiful amenities boosting 1,538 sq ft of thoughtfully updated living space, fresh modern finishes & an unbeatable location in the heart of Richmond Hill. This 3 Bedroom, 2.5 Bath home features freshly painted walls in the main living areas & upstairs bedrooms, along with brand-new ceiling fans in every room for year-round comfort. The kitchen is equipped with new stainless-steel stove & dishwasher, offering modern upgrades while the refrigerator remains in place and fully functional. One-car garage with an extended driveway with space for up to four additional vehicles. Perfect location for commuters, with convenient access to I-95, Hunter Army Airfield & Fort Stewart. Its functional layout, modern updates & affordability make it a great opportunity for a variety of buyers. Located within the award-winning Bryan County school system & just minutes from top-rated schools, shopping, dining, parks & walking trails. Flood insurance not required.
Source: GAMLS #10559883
Loan details
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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.