1605 Deer Creek Ln Monroe, GA 30655
Your savings
About this home
Located in the quiet Deer Creek neighborhood, 1605 Deer Creek Lane in Monroe, Georgia is a great option for first-time homebuyers. This 4-bedroom, 3-bathroom home offers plenty of space with an ample living area, perfect for families or those in need of extra room. The main level features an open great room with a cozy fireplace, creating a welcoming atmosphere. The kitchen is well-equipped with custom cabinets and a breakfast area, ideal for both cooking and casual dining. The master suite is a private retreat, complete with a walk-in closet and a bathroom that offers both a tiled shower and a soaking tub, perfect for unwinding after a long day. Two additional bedrooms and a full bath are also located on the main level, providing plenty of space for everyone. The lower level includes a finished basement with a fourth bedroom and another full bathroom, giving you flexibility for a guest room, office, or entertainment space. A two-car garage offers secure parking and extra storage space. The home sits on a 0.84-acre lot, providing a large backyard for outdoor activities. The neighborhood is peaceful and conveniently located near local amenities, schools, and major highways, offering easy access to Monroe and the surrounding areas. 1605 Deer Creek Lane offers the perfect combination of comfort and convenience, making it a solid choice for those looking to start their homeownership journey.
Source: FMLS #7578863
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.