17 Kola Ln Rydal, GA 30171
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About this home
MOTIVATED SELLERS OFFERING $10K in buyer's closing costs with an acceptable offer! Welcome to this charming home on over an acre, nestled in the sought-after community of The Foothills of Rydal, GA. Build in 2019, this home is practically new with updated appliances and fresh paint throughout. The main level features a beautiful large kitchen with a massive island and is open to the family room and breakfast area. Off the breakfast area, relax outside on the wooden deck overlooking a custom built fenced yard for man's best friend. A nicely sized office or guest room, a full guest bathroom, and a separate formal dining room complete the main level. The second level has a huge primary bedroom with a generously sized ensuite bath and spacious walk-in closet. Also, located on the second level are two additional bedrooms, a third full bath, an open loft area, laundry room, and tons of extra space. Need more? There is an unfinished basement stubbed for a bathroom and ready for future expansion. Are you needing to work on your tan before heading off to the beach? No problem. The Foothills at Rydal has a private pool and clubhouse. This community has a feeling of being away from it all, but, at the same time, is conveniently located to I-75, scenic drives, local attractions, hiking, restaurants, shopping, and more. Don't miss the opportunity to own this home! Schedule a showing today! Motivated sellers now offering $10K toward buyer's closing costs!!
Source: FMLS #7594371
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.