279 Doc Perry Rd Newnan, GA 30263
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About this home
Welcome to this beautifully renovated 4-bedroom, 2-bath home nestled on approximately 8.6 acres of peaceful countryside, featuring two fully stocked private ponds-perfect for fishing and relaxing. Step inside to a spacious great room that flows into a formal dining area and a fully updated kitchen, complete with new stainless steel appliances, granite countertops, and a generous eat-in area. Throughout the home, you'll find brand new luxury vinyl plank (LVP) flooring, fresh interior and exterior paint, all-new electrical wiring, updated fixtures, and modern hardware. The primary suite features continued LVP flooring and a fully renovated en-suite bath with a double vanity topped with quartz, a garden tub, and a separate tiled shower. The full basement has been wired and is stubbed for a future bathroom. A large garage door and wrap-around driveway provide easy access, ideal for additional parking or storage for lawn equipment, ATVs, and more. A built-in storm shelter offers added safety and peace of mind. From the great room, step out onto the expansive two-story deck overlooking your private ponds and scenic backyard oasis-offering ultimate privacy and endless possibilities for outdoor living and recreation. Schedule your private showing today by contacting listing agent Brian Boykin.
Source: GAMLS #10570674
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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.