384 Lakemere Ln NW Milledgeville, GA 31061
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About this home
"PRIVATE COMMUNITY LAKE" Welcome to this Charming Community featuring a peaceful Common Lake reserved exclusively for property owners. Perfect for fishing, canoeing, or simply relaxing by the water. This All Brick, Well Maintained, 3 bedroom, 2.5 bath, Home is sure to please with inviting spaces, on 1.46 acres. Inside, you'll find an open floor plan designed for both comfort and entertaining. The kitchen features abundant cabinetry, ample counter space, breakfast area and easy flow into the separate dining room for gatherings. The spacious living room provides a welcoming atmosphere, perfect for relaxing evenings at home or hosting family and friends. The generously sized primary suite offers an en-suite bathroom with soaking tub, separate shower, double vanity sink and plenty of closet space. The two additional bedrooms and full bath, has been freshly painted. There is a convenient half bath and large laundry room adding functionality. This home is move in ready and waiting for its next owners. Step outside to a beautifully maintained backyard, sit around the cozy fire pit or indulge in the hot tub, designed for year round use. Whether it's a crisp fall evening or a summer night under the stars, this outdoor space invites you to slow down and savor the setting. A versatile she/he shed with power and air conditioning adds even more options, a home office, art studio, hobby room... This home has been meticulously cared for with a brand new roof (2024), new HVAC system (2023), and the septic system serviced in 2024 ensuring comfort and peace of mind for years to come. Just minutes from shopping, dining, historic downtown Milledgeville and Lake Sinclair giving plenty of opportunity for boating, fishing and enjoying the natural beauty that makes this area so desirable. Don't miss your chance to own this beautiful property. Call: 404-698-7910 to Schedule your private showing today and experience everything this home has to offer!
Source: GAMLS #10624709
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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.