406 Misty Hbr Blvd Woodbine, GA 31569
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About this home
**Assumable 5.1% VA loan** Custom-Built Coastal Retreat (with a 2,000 sq ft detached building/workshop) in Misty Harbor. Located in the desirable Misty Harbor gated community in Woodbine, GA. Welcome to your dream home! Built in 2021 and showing like new, this stunning custom-built residence located on over an acre is nestled inside the gated boating community of Misty Harbor, where resort-style amenities include a private boat launch, boat storage, community pool, tennis courts, and more. This spacious 4-bedroom, 3-bathroom home features a bright and open floor plan, perfect for modern living and entertaining. The beautifully designed kitchen flows seamlessly into the living and dining areas, while a custom bar adds the perfect touch for hosting. You'll also love the built-in book bag drop zone in the laundry room-designed for everyday convenience. A generous 3-car garage provides ample space for vehicles, storage, and more. For added peace of mind, the home is equipped with a whole house generator, ensuring uninterrupted comfort year-round. Step outside to the ultimate bonus-an incredible 2,000 sq. ft. detached structure built for entertaining and versatility. This outdoor retreat includes: -A built-in bar and expansive covered indoor/outdoor entertaining area -Dedicated woodworking space -A massive garage for toys, tools, or hobbies -Convenient half bath for guests and gatherings. Whether you're looking for a full-time residence or a weekend getaway, this property offers the best of coastal Georgia living with room to relax, entertain, and play. Don't miss this rare opportunity-schedule your private tour today!
Source: GAMLS #10634970
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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.