180 Rice Ml Saint Simons Island, GA 31522
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About this home
YOU WILL NOT WANT TO MISS THIS ELEGANT HOME IN HAMPTON PLANTATION!!! From the moment you enter this spectacular home, you will experience a beautiful design!! High ceilings and tray ceilings...Natural light filling the whole house...plantation shutters on all the windows and sliding glass doors...seeing the screened pool and the sweeping views of the golf course and the clubhouse from most rooms...a generator for the entire house...and many other special features!! The open concept in the formal entrance has two areas...either of which could be a Dining Room or Living Room. The ceilings in this area are 16'-18' high. To the right of this is the picturesque Sitting Room. It has a dry bar with a wine cooler. It has 4 bedrooms and 3.5 baths. The gourmet Kitchen has a large center island with a sink, lots of cabinetry, a breakfast bar, an eat-in area, stainless steel appliances, a Jenn-Air gas cooktop, a warming drawer, double ovens, a microwave, an ice maker, a special hot water faucet, a trash compacter, granite countertops, and....it opens to the Family Room!! There is a split bedroom arrangement. The Primary Bedroom is on the right side of the house, and it has beautiful views of the screened porch, pool, the golf course, including the 1st tee, & the clubhouse. The ensuite bath has double vanities, a Whirlpool tub, and a separate shower. On the left side of the house are two bedrooms and a hall bath. At the back of the house is the 4th Bedroom and Bath. There is also a large Family Room with a fireplace with gas logs and built-in bookshelves. The fantastic screened heated pool/spa is perfect for relaxing and swimming...and entertaining. The Family Room has recessed music speakers connected in the ceilings that are wired out to the screened porch. There is also an outdoor kitchen with a grill and a refrigerator. There are three TV's in the house that will stay...and 3 refrigerators that will stay. Much of the furniture can remain!!!! The triple garage has Shark flooring. This home is on the corner of Rice Mill where you turn to go to the Clubhouse/Pro Shop and the 1st tee of the golf course. The views of the golf course are absolutely incredible!! This is a very special property with a one/half acre lot, and you don't want to miss it!!!! Call for an appointment today!!
Source: GAMLS #10616214
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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.
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