1131 Parks Mill Ln Buckhead, GA 30625
Your savings
About this home
Rare opportunity to own a charming 3-bedroom 2-bathroom ranch on 3.44 acres in highly desired Morgan County! Located on a short quiet gravel road in Buckhead, this rustic retreat welcomes you with a gated driveway and peace that only quietness can provide. As you walk through the front door the vaulted ceilings and pine flooring make the open floor plan feel bright, spacious, and inviting. A wood-burning stove, and a cheerful country kitchen with the perfect pop of color and stonework adds character and warmth. Step outside to a large covered back deck—perfect for early morning coffee, host family gatherings, overlooking the mature garden, or simply enjoying the wildlife. The property also features a two-car detached garage with workshop space and two additional storage rooms. The rocking chair front porch, multiple shaded sitting areas within the garden, and a fully fenced yard add to the appeal. There is a dog kennel on the property, and the property line extends past the fence into the woods to a dry riverbed where deer travel in the evening. Lovingly cared for by the same owners for nearly 20 years, this home has true character and is a peaceful and private retreat just minutes from Lake Oconee and historic Madison. Property owner realizes the home needs additional TLC and is priced accordingly. Property sold as is.
Source: FMLS #7642845
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.