448 Riverbend Mnr Blue Ridge, GA 30513
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About this home
~Your Toccoa River Front Compound Awaits ~ Enjoy the best in mtn. living from this distinctive luxury water front home nestled at the water's edge of the most popular & known trophy trout stream in the state. Featuring 5BR, 5.5BA's totaling 4,500 of finished square footage + 1,500 square feet of unfinished sq. ft. allows lots of room for your large family + friends. Unfinished terrace level offers additional potential for finishing into into more BR's or separate en-suite, etc. Custom finishes throughout w/ superior craftsmanship w/ every detail thought of & the best of the best finishes. Entry into the GR w/ soaring cath. Ceilings, floor to ceiling stone fireplace w/ gas logs complimented w/ custom built in's, fixed glass windows offer a "wall of glass" overlooking the pristine front porch & river frontage. Covered "party porch" spans front of home w/ real wood burning fireplace & the perfect entertaining spot. Nice level usable yard w/ end of the road privacy & seclusion nestled on 2.12 acres. Home also features 3 car garage, dream "bunk room" for the kids or grand kids, gourmet kitchen w/ all stainless appliances & custom maple cabinets & more. Providing the perfect blend of finishes of wood & dry wall interior w/ custom trim work & moldings throughout & exterior is low maintenance & "bug proof" w/ craftsman style architecture hardi board concrete siding & cedar style shakes.
Source: GAMLS #10537022
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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.