116 Southlake Dr Eatonton, GA 31024
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About this home
This charming Lake Sinclair Home will make you want to sing and if this home were a song, it would be titled "I love her because I love to fish" or "Sitting on the dock Watching the Sun Fade Away" This adorable Lake Sinclair property is the perfect blend of comfort, space, and waterfront fun. Tucked away on a quiet part of the lake, this move-in ready home features 3 oversized bedrooms, 2 spacious bathrooms, and an expansive open-concept living, dining, and kitchen area-ideal for entertaining family and friends. Vaulted ceilings throughout add to the airy, welcoming feel, while the huge screened-in porch invites year-round enjoyment with serene lake views. The private owner's suite includes plantation shutters and overlooks the water for peaceful mornings and relaxing evenings. Downstairs bedrooms are generously sized-perfect for bunk rooms, guest space, or large gatherings. Outside, you'll find both an attached storage room and a detached garage, offering plenty of room for lake gear and toys. Best of all? This home boasts a max dock with covered lift and deep water, perfect for swimming, boating, or just soaking in the quiet surroundings. Whether you're looking for a full-time residence or a weekend retreat this Lake Sinclair gem checks all the boxes. Don't miss your chance-bring your bathing suits and make memories that last a lifetime!
Source: GAMLS #10576242
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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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