185 Lake Shore Dr Newnan, GA 30265
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About this home
Beautiful Joe Cook Built Custom Home Features Great Views of the Green on Summergrove GC Hole # 4 While Enjoying Views of the 'Big Water' on Lake Summergrove -- Summergrove is a Highly Desirable Golf Community in Newnan with Unmatched Amenities -- This Multigenerational Custom Home is a Ranch Floor Plan on a FULL Finished Terrace Level ... Complete With Separate Entrance, 2nd Full Kitchen, Dining Room, Media Room, Craft Area, Private Patio, and of Course 2 Bedrooms and a Full Bath -- Home Includes 5 Total Bedrooms, 4.5 Baths -- Just Under 6,000 Finished Sq Ft PLUS Still Some Unfinished Sq Ft for Storage -- Golf Course / Lake Views From Every Window on The Rear of The Home -- Custom Detail Throughout Featuring -- Granite Counters, Tile Backsplash, Hardwood Floors, Ceramic Tile, Recessed Lighting, Crown Molding, Coffered Ceilings, Custom Kitchen Cabinets, Built-in Bookcases, Incredible Laundry, Tankless Water Heater, Built-in Outdoor Fire Pit, Multi-Zone Irrigation System, & Covered Back Porch ... THREE HVAC Units ... Just Beautiful -- Main Floor Features 3 Bedrooms & 3.5 Bath, Split Floorplan Including the Primary Suite ... ALL Bedrooms Have Private Bathrooms! There's also a Private Office, Formal Dining, Custom Kitchen with Large Island, Breakfast Bar, and Breakfast Room Overlooking the Golf Course & Lake, Lastly Family Room with Coffered Ceilings, Built-In Bookcases Surrounding the Stone Fireplace with Access to the Covered Porch -- THIS HOME MUST BE SEEN IN PERSON TO BE APPRECIATED -- Don't Forget About Summer Grove's Unmatched Amenities Including 3 Pools and Sharks Swim Team, Eastlake Amenity Area Enjoys Lazy River, Tapestry Amenity Area Has Zero Entry Pool + All Purpose Ballfield, Main Amenity Area Has Community Clubhouse, Largest of the 3 Pools, 8 Lighted Tennis / Pickleball Courts and ALTA Tennis Team, 18 Hole Golf Course, Dozens of Parks And Playgrounds, Beach Volleyball Court, 100 Ac Lake For Fishing / Boating, Miles of Sidewalks and NOW The LINC ALL Purpose Path That Connects Summergrove to Ashley Park and Downtown Newnan!
Source: GAMLS #10576783
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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.