25 Clear Spring Ln Oxford, GA 30054
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About this home
Completely renovated from the Studs Up & Priced BELOW Appraised Value! This stunning 4-bedroom, 2.5-bathroom 3-sided brick ranch in the desirable Northwood Subdivision in Oxford offers 2,585 sqft of beautifully remodeled living space on a private & thoughtfully landscaped 1.16-acre lot. Enjoy the comfort of a split bedroom plan, tall ceilings, and premium finishes throughout. Recent updates include: All new drywall, insulation, flooring, paint & trim. Quartz countertops in kitchen & in bathroom vanities. Luxury Vinyl Plank Flooring & Brand-new Carpet. Fresh Interior & Exterior Paint. New 50-gallon water heater. New Roof in 2021. Newer HVAC system. Newly installed 6" Seamless Gutters. Updated Primary Suite with glass-enclosed tiled shower. Soft-close cabinetry throughout. Epoxy-Finished Garage Floor. Patio, Porch & Front Walkway completed with slip-resistant surface finish. Enjoy peace of mind with pre-wired security monitoring, motion-detecting dusk-to-dawn exterior lighting, and a new LiftMaster garage door opener. Set on a picturesque, manicured lot surrounded by mature trees, this home perfectly combines modern comfort, thoughtful updates, and timeless curb appeal. Truly a basically brand new home & Move-In Ready! **Act Now & the seller will pay all closing costs with sellers preferred lender! Call Brandi for your appointment & more details!!**
Source: GAMLS #10626517
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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.