234 Waters Edge Dr Kingsland, GA 31548
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About this home
Sellers are offering $5,000 towards buyer's closing cost incentives and rate buy downs with an accepted offer! Gorgeous 5 bedroom 3 bathroom original Waters Edge, Gross Construction stunner, with a lake view and personality to match! The quality of construction in this home, in this neighborhood, is hard to come by. This beauty brings the charm with arched entryways, split-bedroom floor plan, separate dining room, and over 2,800 sq. ft. of excellently designed living space. The open-concept floor plan flows effortlessly-and just wait until you see the massive upstairs room with its own full bath. Game room? Guest suite? Movie theater? You decide. Let's not forget the granite countertops, stainless steel appliances, center island, and also a fantastic kitchen bar area. There is storage and counter top space GALORE! Probably the best kitchen in Waters Edge.The separate dining room could also be repurposed into a home office or den. The kitchen overlooks the living room with hardwood flooring in all the common areas, and a great view of the lake in the backyard. The primary suite features trey ceilings, plenty of natural light, and an en suite with a tiled shower and separate soaking tub. Walk-in closets! Three more bedrooms are located across the main living area with their own bathroom. This home comes with a fully transferrable solar panel system that helps keep your energy bills low and your eco-karma high. Outside, the yard is as polished as the inside, thanks to a well-manicured lawn and sprinkler system that does the work while you relax on your screened-in patio overlooking the community lake. This isn't just a home-it's your dream home, so come claim it before someone else does!
Source: GAMLS #10555089
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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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