1729 Oak Dr Augusta, GA 30904
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About this home
This charming, 900sqft 1940s brick Ranch, offers timeless character with modern updates! Upon entry you will notice how much larger this home feels with the natural light that pours in through the updated double pane windows, and the adorable decorative fireplace. Enjoy the beautiful hardwood floors throughout, as well as two spacious bedrooms, and a bright dining area. The updated bathroom offers all your necessities while preserving the home's classic charm. The modern kitchen offers a gas stove and granite countertops. Just off the kitchen, you will find a large walkthrough laundry area with a washer and dryer as well as a separate doorway that leads to the back entry of the home. This freshly painted home has wood ceilings and lots of base and crown moldings. It is move-in-ready and sits on a 0.23 ac lot, that is loaded with some of the most gorgeous landscaping, trees and flowers. The home's privacy fenced corner lot is perfect for pets or outdoor entertaining. If you so desire, there is also a double gate and a curb cut from Harvey Street, allowing you to enter and park inside the double gates, for private backyard parking. Relax on one of two covered porches, located on the side and back of home. This perfect home is located with easy access to local shopping and dining, AU, cyber command center and the medical districts. It would make a perfect investment opportunity as well as a primary residence.
Source: GAMLS #10636764
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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.