177 E Silver Shoals Rd Toccoa, GA 30577
Your savings
About this home
Escape to the tranquility of country living with this beautifully maintained manufactured home situated on just over 11 acres of private land, only minutes from Lake Hartwell. This spacious home features a split bedroom layout with three bedrooms and two full bathrooms, a large kitchen with a center island and breakfast area, and a dedicated mudroom/laundry for added convenience. Primary bedroom ensuite bath has soaking tub, separate shower, and his and hers closets. Enjoy the outdoors from multiple spaces including a welcoming front porch, two decks, and a large screened-in porch, ideal for relaxing or entertaining. The property is well-equipped for a variety of uses with approximately eight acres of fenced and cross-fenced pasture, a stream flowing through both fenced areas, and a holding pen-making it perfect for livestock or hobby farming. Additional improvements include a four-stall pole barn with electricity, a detached garage/workshop with water and electric, and an outbuilding with power. Covered RV parking with water and electrical hookups and two detached carports offer ample room for vehicles and equipment. Offering the rare combination of peaceful seclusion with close proximity to recreational opportunities on Lake Hartwell, this property is ideal as a full-time residence, mini farm, or country retreat.
Source: GAMLS #10559009
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.