2895 Morgan Rd Bremen, GA 30110
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About this home
This 5-bedroom, 3-bath Southern farmhouse, sitting on almost 8 acres, has been completely transformed, blending 1900s charm with modern convenience. Every detail has been updated, including all new interior doors, a new back deck, a covered front porch with stone accents, a solid wood front door, a replaced gas and septic system and lines, 4 total fireplaces with 3 new electric inserts and one wood burning fireplace. Even a new concrete driveway, the upgrades go on and on. Step inside to a spacious main living area where natural light pours in through the brand-new windows, highlighting the fresh paint, updated finishes, and timeless farmhouse character. The flow leads seamlessly into the kitchen, fully updated with modern hardware, tile, and thoughtful details, including a wine fridge that makes it both functional and stylish, perfect for gathering around meals or entertaining with ease. Just beyond, the sunroom offers a cozy retreat where you can sip morning coffee or unwind in the evenings while overlooking the property's sprawling acreage. With windows all around, it feels like the outdoors are part of your living space year-round. An oversized two-car garage with extra depth provides plenty of room for vehicles, storage, or even a boat. Above the garage, you'll find a thoughtfully designed additional living space complete with a spacious living room/ office, bedroom, and full bath. Whether you need a home office setup, a guest suite, or a retreat for a college student or in-law, this versatile space offers endless possibilities. This is truly a timeless farmhouse with a fresh new story ready for its next chapter.
Source: FMLS #7656146
Neighborhood
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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.