1212 Bell Rd Brooklet, GA 30415
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About this home
**3.125% assumable mortgage** Peaceful country living in Brooklet with no HOA in this oversized 4BR/3BA on 5ac with a pool (18x36, liner 3yrs old) and two garage workshops (24x32 and 28x40 with a 10' canopy) in the back, both with roll up doors and power. The kitchen has lots of cabinet space, an island, SS appliances, and a breakfast area. A split plan, the primary bedroom has two walk-in closets and a large bathroom with separate shower and soaking tub. In the front of the house is an in-law or teen suite with its own bathroom. Across the living room are two additional bedrooms, a hall bath, and a concrete tornado room with steel door frame. And just off the foyer is a home office with lots of storage and closet space throughout. The back deck was rebuilt and HVAC replaced two years ago. The tract stretches back to a duck pond on Black Creek with plenty of wildlife and water birds. Bring your people, your animals, and all of your toys and make this your new home! Text or call for more information.
Source: GAMLS #10575520
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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.