1579 Bates Rd Concord, GA 30206
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About this home
Charming Gentleman's Farm in North Pike County Rarely does a property like this come available in North Pike County! This 6+/- acre mini farm is a true gem, already set up and ready for you to move in. Featuring a private gated entrance, the property is fully fenced and cross-fenced with elegant black four-board fencing across the front, offering both privacy and beauty. Nestled in a peaceful country setting, this land is an idyllic retreat. The charming ranch-style home boasts 4 spacious bedrooms and 2 well-appointed bathrooms. The expansive family room, complete with a cozy fireplace, provides the perfect space for relaxation or entertaining. The kitchen is a chef's dream, featuring custom-made cabinetry and butcher block countertops, and there's a convenient mudroom for shedding your boots after a long day of tending to the animals. Outside, you'll find an above-ground pool with a surrounding deck, perfect for cooling off during summer months. An outbuilding provides ample storage for pool toys and supplies, while multiple carports offer plenty of room for additional storage. A heated and cooled shop rounds out the property, ensuring year-round comfort for all your projects. For the animal lover or hobby farmer, each pasture is equipped with its own water line. Plus, there are water lines already installed at the front of the property, ready for additional paddocks if you desire. This property is a fantastic opportunity to live the country life in style. Don't miss out on this perfect place to call home!
Source: GAMLS #10588159
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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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