361 Granite Way Newnan, GA 30265
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About this home
Up to $27,495 in down payment assistance available to qualified homebuyers from Preferred Lender! Need more space? This beautifully designed 5 bedroom, 4 bath home offers all the room you need with an unfinished basement, fenced backyard, and a location that makes commuting and everyday living a breeze with easy access to I-85, shopping, dining, and healthcare. From the moment you step inside, you'll find multiple spaces that make this home ideal for both daily life and entertaining. The main level features a welcoming formal dining room for gatherings, a private office perfect for remote work or study, a guest suite with full bath for visitors, and an open-concept family room and breakfast area connected to the kitchen, creating a warm and inviting flow. Upstairs, the spacious primary suite includes a large bathroom and walk-in closet, while three secondary bedrooms provide plenty of room for everyone, including one with its own en suite bath. A generous upstairs media room offers flexibility for a game room, home theater, or hobby space, while the conveniently located second-floor laundry keeps everything close to the bedrooms. The unfinished basement offers endless possibilities for future expansion-imagine adding an extra living area, home gym, or recreation space-or simply enjoy the additional storage. Outside, the fenced backyard provides privacy and a space for activities, pets, or entertaining. With thoughtful design, ample square footage, and the potential to grow with your needs, this home truly combines comfort, convenience, and value in one desirable package.
Source: GAMLS #10617707
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Close stress-free in 45 days, handled start to finish by Roam.
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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.