1412 Palmer Dr Monroe, GA 30656
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About this home
Back on Market! Buyer's personal situation changed, giving a new opportunity to own this beautiful home. Inspections went smoothly and ready for a quick close. Immaculate ranch home on a beautiful 1.07-acre corner lot in the sought-after Palmer Place community. This thoughtfully designed 3-bedroom, 3-bath home with an additional flex room offers the perfect mix of comfort, warmth, and functionality. Step inside and fall in love with the open-concept layout, where the vaulted family room with built-in bookcases, a custom cabinet, and an electric fireplace creates a welcoming space for relaxing or entertaining. The kitchen is both stylish and practical, featuring granite counters, stainless steel appliances, a large island, and a separate dining area that makes every meal feel special. The private primary suite is your peaceful retreat with a trey ceiling, walk-in closet, double vanities, a soaking tub, and a separate shower. LVP flooring throughout adds beauty and easy care, while the spacious flex room offers endless possibilities for a home office, guest suite, or creative space. Enjoy quiet mornings on the covered front porch with coffee in hand, or unwind on the covered back patio as the sun sets. Two driveways provide ample parking and lead to a 2428 detached workshop equipped with 200-amp electrical service, perfect for hobbies, boat storage, a camper, or extra vehicles. Located just 10 minutes from downtown Monroe shopping and dining, with easy access to Highway 78 and Bethlehem conveniences, this move-in-ready home combines small-town charm with modern living.
Source: GAMLS #10630764
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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.