20 Mariposa Pl Covington, GA 30014
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About this home
Partially Furnished Designer Home in River Walk Farm - 5 Beds, 4 Baths, Move-In Ready! Welcome to 20 Mariposa Place, a stunning partially furnished home professionally decorated by an interior designer and located in the highly sought-after River Walk Farm subdivision. Nestled on a quiet cul-de-sac, this spacious 5-bedroom, 4-bathroom home offers the perfect blend of elegance, comfort, and community living. Step inside to discover a thoughtfully curated interior, where every detail has been designed with style and functionality in mind. The open-concept main level features a warm and inviting living room with a fireplace, a beautiful dining area, and a fully equipped kitchen-all furnished and styled to perfection. A full bedroom and bathroom on the main level provide the perfect setup for guests, in-laws, or a private office. Upstairs, you'll find four additional bedrooms and three full bathrooms, including a luxurious owner's suite complete with a spa-inspired bath and spacious walk-in closet. Several rooms are furnished and move-in ready-just bring your suitcase! Enjoy peaceful mornings on the front porch or entertain in the private backyard. The home also includes a 3-car garage, laundry room, and generous storage throughout. As a resident of River Walk Farm, you'll enjoy access to top-tier amenities including a swimming pool, golf, tennis courts, a playground, and a beautifully appointed clubhouse-all just minutes from the shops, dining, and parks of historic downtown Covington. Don't miss this rare opportunity to own a professionally decorated, partially furnished home in one of Covington's most desirable communities-schedule your private tour today! MAKE YOUR BEST OFFER! PRESENTING ALL OFFERS!
Source: GAMLS #10563313
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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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