130 Wesleyan Way Oxford, GA 30054
Your savings
About this home
2.5% Rate Assumable FHA with Roam! Come and see this luxurious custom built home that sits on a full finished basement including a full apartment with its own kitchen and laundry space. This home is located in a gated community, the Gates at Wesleyan on a private 2.57 acre lot. You will notice the attention to detail throughout this resort style home like the high ceilings, archways, and abundant trim-work. As you step inside you will notice the beautiful wood floors in the foyer and dining room. The family room features built-in bookcases flanking the stack stone fireplace. The kitchen has heated tile floors, built in ice maker, stainless appliances, new double oven and a huge walk-in pantry. The oversized primary suite is on the main level with double tray ceilings, access to the covered porch and sitting area. The ensuite bath includes a double vanity sink, huge whirlpool bath, separate shower and heated floors! There are two spacious secondary bedrooms that share a Jack and Jill bath on this level. Upstairs is a 4th bedroom and enormous flex space and walk in attic entrance. The terrace level has a separate apartment, another family room with fireplace and plenty of flex space including office space and 2 other rooms that could be used as bedrooms! Enjoy the large deck with built-in seating or the covered back porch is a great space to relax. There is plenty of parking with the garage that has its own 1/2 bath, and the large half circle driveway. There are steps and a dedicated sidewalk leading to the terrace level. You also have access to the subdivision pond and you are located just 45 min to Atlanta!
Source: FMLS #7515969
Loan details
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.