447 Grandview Rd Mansfield, GA 30055
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About this home
Escape To Your Private Paradise in this Custom-Built 3-Bedroom, 3.5-Bath Oasis, Nestled on Over 11 Acres of Picturesque Pasture and Wooded Land With Close to 1,000 Ft. of Road Frontage! Offering the Perfect Blend of Rural Tranquility and Modern Convenience! Each of the Three Spacious Bedrooms Includes Its Own Bath! Bring the In-Laws with an attached In-Law Suite Featuring a Cozy Living Room, Full Bath, and Kitchenette-Perfect for Guests or Extended Family! The Heart of the Home is a Gourmet Kitchen with a Large Island; Striking Concrete Countertops, Flowing into Bright, Open Living Space. A 50-Year Energy Star-Rated Reflective Metal Roof Ensures Lasting Efficiency and Durability. Outside, The Half-Pasture, Half-Wooded Lot is a Dream for Outdoor Enthusiasts, with a Deer Stand for Hunters, Sheds Ready for Livestock, and Miles of 4-Wheeler Trails! Just a Short Drive Away, Jackson Lake's Boat Dock Offers Endless Boating and Recreational Opportunities. Surrounded by Lush Woods, this Property Delivers Unmatched Privacy While Keeping You Close to Covington's Charm and Easy Interstate Access. Ideal for Families, Retirees, or Anyone Craving Country Living with Urban Convenience! This Home is a Rare Find. Schedule Your Tour Today to Experience This Extraordinary Retreat! Seller will be painting exterior of home!
Source: GAMLS #10614781
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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.