2225 Blackberry Ct Monroe, GA 30656
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About this home
Better Homes and Gardens style in a prime Monroe location w/ an assumable loan at 2.75%. Craftsman curb appeal with board and batten, brick, and stone accents. A welcoming front porch opens to a bright foyer with hardwoods throughout the main living areas. Host with ease. A formal dining room sits off the entry. A flexible formal living room doubles as an office. The family room brings in natural light and connects to an eat-in kitchen with shaker cabinetry, subway tile, granite counters, and stainless appliances. Main-level laundry and a convenient half bath. Rest upstairs. The owner’s suite features a tray ceiling, double vanity with granite, separate shower, soaking tub, and two closets. Three secondary bedrooms share a full bath. A large additional room adds real flexibility. Use it as a 5th bedroom, game room, loft, media room, or office. Location and lifestyle • Minutes to Downtown Monroe dining, coffee, and shops • Close to Monroe Pavilion for retail, groceries, and everyday needs • Easy access to US-78 for quick trips to Athens, Loganville, and Snellville • Nearby parks and trails, including Childers Park and Felker Park • Golf nearby at Monroe Golf & Country Club • Local events, farmer’s market, and antique district at your fingertips Live stylishly, entertain easily, and land in the middle of everything Monroe offers. Special financing This home qualifies for an assumable loan at 2.75% for eligible buyers, subject to lender approval and seller’s approval. Ask for details, terms, and qualification steps.
Source: FMLS #7665136
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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.