1499 Eagle Ridge Rd Dawsonville, GA 30534
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About this home
Enjoy stunning long-range mountain views from this charming cabin set on a quiet gravel road that's easily accessible from Hwy 136-no steep roads to climb and a completely level driveway with parking for two cars! Located half-way between Dawsonville and Jasper and set almost a mile from Hwy 136, the only sounds you'll hear here are the eagles and the breeze coming through your screened porch. At 1499 Eagle Ridge Road, you'll wake up every morning to panoramic mountain views right from your bedroom, which you can also enjoy from your back deck, the kitchen, the living room, the second bedroom, and your other back deck! With a completely open floor plan and windows along the length of the home, this would make the perfect full-time home with plenty of room for entertaining, a weekend getaway, or an Airbnb. The main floor features vaulted ceilings, wood floors, a brick fireplace, and oversized sliding glass doors opening to one of two 24' wide covered decks. The lower level offers two bedrooms (one with a second brick fireplace), a full bath, an additional bonus room perfect for an office or studio, as well as a second 24' wide covered deck! Rare opportunity to get a panoramic mountain view at this price point. Backs up to thousands of acres of DNR property providing longterm privacy! Home needs some TLC and renovations.
Source: GAMLS #10627516
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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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