4274 Pillsbury Rd Gainesville, GA 30507
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About this home
Welcome to your dream farmhouse in Gainesville, Georgia! Nestled on 14.42 acres at the end of a peaceful country lane, this potential family compound has freshly painted neutral colors that creates a warm and inviting atmosphere. This home boasts multiple living spaces, including a separate living room, kitchen with breakfast bar and dining area, a separate dining room, office, and laundry room, all conveniently located on the main floor. The primary bedroom suite features a walk-in closet and a spacious master bathroom. Outdoor living is a highlight of this property with a covered front porch, sunroom, and deck that offers an open view of the back of the lot. The spacious lot also includes an in-ground swimming pool, perfect during hot summer days. The finished basement adds even more versatility to this home, providing bedrooms, a bathroom, and a kitchen. This versatile space can be transformed into a media room, game area, or home gym, catering to your specific needs. One of the most unique features of this property is the multifunctional cabana. Located just steps from the pool, with two half-baths and shower. The cabana offers a shaded seating area making it an ideal spot for entertaining family, friends, or hosting business meetings. The cabana also features a larger outdoor kitchen with cabinets, counters, and a refrigerator, providing the perfect space for grilling and refreshing drinks. For those who enjoy equestrian activities, this property is a dream come true. The property has a small pond. It includes a private soccer/football field, allowing you to play to your heart's content. The wooded area surrounding the property provides ample open space for relaxation and nature exploration. Grow your own organic vegetables, on well water. Don't miss out on the opportunity to own this beautiful farmhouse-style retreat set on a picturesque property. Outdoor living, privacy, and gated entry. Schedule your showing today and embark on a lifestyle enhancement and surrender to nature. Conveniently located near downtown Gainesville, this property offers the best of both worlds. Enjoy the tranquility of the countryside while still being close to the city's amenities and attractions.
Source: GAMLS #10585993
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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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