15635 Us Highway 27 N Hamilton, GA 31811
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About this home
This mountain retreat is in need of some TLC & has a greatly reduced price! Enter the property through a beautiful metal gate w/deerhead onto a shared driveway. You'll see the house as the first & only property on the right. Enter the front doors into a foyer, breakfast rm and kitchen. The walk-in pantry and laundry rm are here as well. Kitchen has island w/gas cooktop, stainless steel appliances and farm sink, wall oven & microwave, granite countertops, tile floors, Some cabinet drawer & door fronts need replacing, as well as some appliances. Step up to the dining rm which flows into the great rm w/large windows, 2 story ceilings, a fireplace and doors out to a deck with treetop views. Master on the main also accesses the deck. Master closets are custom designed; master bath has tile floors, a sunken whirlpool tub, separate vanities w/makeup station, & a 11' wide walk-in tile shower with overhead rainshowerhead and showerheads on the wall, & 2 arched entries. Double French doors from master bath to the sunken hottub deck, hottub needs replacing. Gazebo just needs new canopies. The upper level of the home has 2 BR's, one of which has a small balcony to take in the views. Also upstairs is loft area overlooking the grt rm downstairs, as well as a full bath w/double sink vanity, In the lower level, you'll find a BR & bonus rm w/mini kitchen cabinets, small sink & space for a small fridge. Last but not least is a large exercise rm w/minisplit hvac system, and double doors to yet another deck. 5 yr. HVAC, 10 yr old metal roof. Home needs some work on fascia boards, some interior doors and door trim, cabinetry doors & drawer fronts; & appliances. Some of the hardwood floors need work. Siding could be cypress or cedar & appears in good shape. Perfect location is 1/2 mi. from FDR Park and 1.8 mi. from Callaway Gardens.
Source: GAMLS #10509199
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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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