170 Brookwood Dr Athens, GA 30605
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About this home
Discover the ultimate family-friendly oasis in Green Acres, one of the most sought-after neighborhoods in East Athens. This exceptional home stands out with its impressive array of features and endless possibilities. Experience the charm of high-quality flooring throughout, including LVP, tile, and hardwoods, combined with a separate dining room, a media room, and a stunning eat-in kitchen adorned with custom cabinetry. The kitchen opens seamlessly into a spacious family room featuring built-ins and 9ft ceilings with exposed beams, perfect for gatherings. But that's just the beginning! The fully finished basement boasts a separate entrance and includes a full kitchen, two bedrooms, and a screened-in porch, offering flexibility for guests or additional living space. Step outside to a backyard that is nothing short of a dream: fully fenced and complete with multiple storage sheds, one of which can easily be transformed into a charming hangout spot. For the gardening enthusiast, there's an already-fenced garden area, perfect for growing vegetables, herbs, or vibrant flowers. Plus, a chicken coop can stay with the property, providing the opportunity for farm-fresh eggs right at home! Located just a stone's throw away from the UGA Vet School, this property offers not only a beautiful home but also a lifestyle that is close to everything you need. With its generous space ideal for hosting family and friends, along with room for pets, children, and various flexible areas for offices or playrooms, this is truly a rare opportunity. Don't miss your chance to secure this gem in a neighborhood that's perfect for making lasting memories! More pictures on their way!!! However, go ahead and schedule to see today!
Source: GAMLS #10618655
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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.