346 Berean Church Rd Ellijay, GA 30540
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About this home
A place of peace by the stream sounds like an amazing spot to relax and unwind. Cabin built with love in 2011 has a touch of craftsmanship and a bit of country in every room. Kitchen features a small pantry and ample cabinet space. A rocking chair by the fireplace would be a great place to read the winter evenings away. Firepit and gathering spot outside are perfect for the cool evenings. Enclosed porch provides warmth on the cool mornings as you enjoy a bit of birdwatching and a hot cup of coffee. Bedrooms and sitting area on main floor are perfect for you and guests to gather before a great night's rest. Basement area features partial finished space and a nice spot for workshop including a full bath. The stream and the colorful fall leaves will remind you how easy it is to just be thankful for the natural beauty of North Georgia. Minutes from Carter's lake and great shopping in downtown Ellijay and just a few miles from the Apple house's and the Vineyard's. Welcome to the "good life". Home was filled with love for many years and is ready for the next family to smile and say " home is where the heart is". It's so good to be home. BRING OFFER and your suitcase! The mountains are calling and they are closer than you think.
Source: FMLS #7648214
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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.