1695 Butler Bridge Rd Covington, GA 30016
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About this home
Gorgeous, immaculate, elegant, and beautiful home, with a 3-sided brick wall and concrete siding, situated in a quiet neighborhood. Property is seated on a one (1.7) acre of land, with no HOA restrictions! Gain access into the property through a spacious foyer/hallway with gleaming hardwood floor, into a 20-foot cathedral ceiling in the family living room, with a gorgeous fireplace. First room on the right with a French-door as you work into the building, could serve as home office as well. Directly across the hall is the dining room space, perfect for entertainment and making memories. Main floor has a self-contain private room that could serve as a guest room or an overflow of space. There is enough illumination all around the house. Master-chef Kitchen comes with all stainless-steel appliances, granite countertops and tile back-splash. Kitchen also comes with upgraded designed kitchen island with built-in shelves for additional storage, built-in cutting board. Seller added this designed kitchen Island after purchase. Work-in pantry. Wooded floor throughout main level and up to the kitchen area. The family room shows the beautiful stylish staircase that leads to the various bedrooms upstairs. Two (2) secondary bedrooms connected by a Jack & Jill bathroom with a private area. The large, oversized master suite, complete with it's luxurious master bedroom, and its own sitting area, comes with an attractive double trey ceiling that accentuates the open and spacious area. Large spacious master bathroom with a jetted soaking tub and a glass shower area. Master bath with multi-level double vanity with knee space for a stool. Master suite also has a spacious work-in closet. His & Hers wash area. The deck off the breakfast area overlooking the private and wooded backyard, with full basement. The backyard space for BBQ, exploring and catching a glimpse of wildlife. It's a place to behold and to call a home. Also, seller is leaving porcelain tile for the new home owners to complete the basement floors.
Source: FMLS #7667345
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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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