3016 Dawsonville Hwy Gainesville, GA 30506
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About this home
This 2.18 ACRE cleared, private lot, is home to a well maintained 3 bedroom, 2.5 bath brick ranch. This amazing property qualifies for COMMERCIAL RE-ZONING!! Interested in opening a small business? This property is perfect! Built in 1971, this classic home combines timeless charm with comfortable, single level living and plenty of space - inside and out. Step inside to find a warm, inviting floor plan featuring a cozy family room with fireplace, perfect for relaxing and a separate dining room for entertaining. The kitchen offers ample cabinet space, an eat-in breakfast area and white appliances including gas stove top, oven, dishwasher and refrigerator. The home boasts 3 spacious bedrooms, two of which share a jack-n-jill bathroom. There is a second full bathroom with double sinks. A convenient half bathroom is on the main level off the kitchen for guests, combined with the laundry room. The home's 4 sided brick exterior adds to the home's charm and durability. The basement features space for a family room, office and workshop. Also in the basement is safe room for tornados or additional storage. Outside, enjoy the tranquility of your expansive lot, ideal for gardening, recreation and even future expansion. A covered carport, storage shed and RV/Boat shed offer extra convenience, and the long driveway with parking pad, offers plenty of parking. Located just minutes from Lake Lanier, the new Sardis Highway access, schools and shopping, this home offers the perfect blend of privacy and accessibility. Whether you are a buyer looking settle in, an investor looking for your next rental property or renovation, this home is a rare find with endless potential. Don't miss your chance to own a piece of North Georgia charm. Schedule your showing today!
Source: FMLS #7613359
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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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