1701 Victoria Woods Cir Unit 14 Hiawassee, GA 30546
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About this home
ASSUMABLE 2.37% Loan! Come live your Mountain and Lake Dream Life! Lovely 4 bedroom/3 bath home on one acre with 2 car garage. This home has room for the whole family and more! Surrounded by beautiful Lake Chatuge, the Blue Ridge Mountains and countless hiking options and waterfalls, this home is the perfect location for vacationing OR full time living! Main level has three bedrooms, two full baths, laundry, living room, eat in kitchen and separate dining room with Coffered Ceilings. Terrace Level boasts a large living space/flex area, another bedroom, full bath, lots of extra storage space/office space, a screened in porch and wonderful Pine wood Sauna and shower room. Home has recently be remodeled with new hickory floors. New appliances, countertops and back splash in kitchen. Master has new bathroom with walk-in shower, heated floors, fixtures, and vanity. New washer and dryer. New carpet in several areas, new water heater, and newer roof. LOTS of flexible space! Just 5 minutes to downtown shopping, schools and Lake Chatuge access. Fantastic, convenient location, but quiet and private. Home has synthetic stucco. Furnishings are negotiable.
Source: GAMLS #10552441
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.