45 Northwood Oak Dr Oxford, GA 30054
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About this home
Welcome to this beautiful home on over 2 acres! The grand double-door entry opens into an impressive two-story foyer. To your right, you'll find a private office, and to your left, a formal dining room with trey ceilings. Site-finished oak floors flow through the main level, creating a seamless transition between the formal and casual spaces. At the heart of the home lies a two story living room filled with natural light from expansive windows, built in speakers, and custom shelving surrounding a gas log fireplace. The open concept design connects seamlessly to the remodeled kitchen, which showcases leathered granite countertops, tile backsplash, stainless steel appliances, an extra large eat at island with built in microwave, a coffee bar, and a full walk-in pantry. The main level also features a flex room and a half bath for added convenience. Upstairs, the catwalk with custom railing overlooks both the living room and foyer, creating a grand and open feel. The upper level features two bedrooms connected by a Jack-and-Jill bath, plus another bedroom with its own ensuite-each offering large closets and updated bathrooms. The primary suite is a true retreat, featuring a sitting area with a gas log fireplace, private deck, and trey ceilings. The luxurious master bath showcases a massive custom shower, stand-alone soaking tub, double vanities with quartz countertops, linen closet, and an expansive his-and-hers walk-in closet. The finished basement offers incredible flexibility with a living area featuring recessed lighting, full bathroom, and full kitchen that just needs appliances! A flex room can serve as a bedroom, office, or playroom, and two utility rooms provide extra storage. The basement also includes its own garage/workshop area and plumbing for a laundry room-perfect for a mother-in-law suite or guest apartment with walk-out access to the backyard. Outdoor living is just as impressive, with a full-length deck overlooking a massive yard, a covered brick front porch with ceiling fans, and a patio below the deck. The three-sided brick exterior is complemented by concrete siding on the back, architectural roofing, and mature landscaping-all on a lot large enough for a future pool.
Source: GAMLS #10625250
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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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