2550 Hodges Mill Rd Watkinsville, GA 30677
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About this home
1% BUY DOWN OPPORTUNITY IF BUYER USES PREFERRED LENDER - CALL LISTING AGENT FOR MORE INFORMATION! Welcome to your dream home in Watkinsville! This charming 3-bedroom, 2-bathroom house boasts a fully renovated interior that's ready to wow you. Picture yourself in a stylish kitchen with modern appliances, or enjoying the ease of new luxury vinyl plank floors throughout the home. Fresh paint and hardware complete the picture, making every corner Instagram-worthy! Not only is the inside impressive, but this property also features a spacious fenced backyard with a nice deck perfect for hosting summer barbecues or just enjoying a quiet evening outdoors. The newly renovated bathrooms add a touch of luxury to your daily routine, and the practical 2-car garage means you'll never worry about parking or storage space. Living here puts you close to all the essentials-and some perks too! You're just a short drive from Trader Joe's for your grocery needs and near Oconee Veterans Park Bark Park, making it easy to stay stocked up and keep the furry members of your family happy. Plus, commuting is a breeze with the nearby bus station on the Atlanta Highway. For families, the highly-rated Oconee County school system offers fantastic educational opportunities, another great reason this location is so desirable. So, if you're looking for a home that combines comfort, convenience, and charm, look no further. Swing by, and let's turn that house-hunting frown upside down!
Source: GAMLS #10464729
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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.