307 Weldon Lake Rd Milner, GA 30257
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About this home
Custom Home with all The Amenities Needed for Family and Extended Family! Step into a Beautifully designed home on estate size lot of 8 + acres that embraces Georgia living. This extraordinary property boasts 6 spacious bedrooms and 4 full bathrooms- perfect for the Entire family. The Main Home has a dine-in kitchen that is a culinary dream, complete with granite countertops, stainless steel appliances, and a commercial gas stove. The oversized master suite pampers you with a walk-in shower and whirlpool tub, complemented by a huge walk-in closet. In the living area you have Vaulted ceilings with Timber accents which creates an ambiance of lodge living. The stone Fireplace is the focal point with beautiful built ins to showcase some of you most cherished items. Entertain effortlessly when you open your French doors to a covered patio or choose to spend the evening in your screened in porch listening to nature and let the cares of the world leave and focus on the stunning view of lake as it is center stage to this magnificent property. I can't stop there.... This property also features a fenced in backyard with a heated inground pool with spa and waterfall. Thought I was done? Not quite, there is a separate home for mom and dad, the in-laws, grown children or rental. It features 2 bedrooms and 1 bath and open living/dining/kitchen. Upstairs You also have a studio apartment with kitchenette & full bath. With NO HOA, the possibilities are limitless. This is more than a home; it's a lifestyle. Embrace the privacy, comfort and potential for income. Your dream estate is here, waiting to welcome you. Book a tour today! If You wanted you could possibly Divide some acreage off and build another home on this property. So many possibilities to make a family compound!!!
Source: GAMLS #10378542
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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.