39 Hannah Way Palmetto, GA 30268
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About this home
Move in ready! Beautiful two-story home with salt water pool and spa in Marie Farms in northern Coweta County! Built in 2015, this 4195 square foot home sits on 1.6 acres. Upstairs you will find a large master suite with sitting area and spacious luxury bath as well as three additional bedrooms, one hall and one jack and jill bath, loft area, and laundry room. Spacious guest room and full bath on main level as well as dining and living rooms. Large great room with wood burning fireplace opens to gourmet kitchen with stainless appliances, including double ovens, large island, and large dining area which walks right out to the inviting pool and patio area! Recent updates include exterior and interior paint, main level Mohawk LVP flooring, new pool/spa heater, and app driven irrigation and pool controls. Located less than 30 minutes from Newnan, Peachtree City and Hartsfield Jackson International Airport.
Source: GAMLS #10455485
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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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