46 Fairway Dr Newnan, GA 30265
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About this home
Luxury Golf Course Living with a Fully Finished In-Law Suite, Welcome Home to SummerGrove! Experience the perfect blend of luxury, flexibility, and lifestyle in this beautifully updated home overlooking the 17th hole of the SummerGrove Golf Course. Every detail of this property has been thoughtfully designed to offer elegance and comfort in one of Newnan's most sought-after communities. Step inside to discover an open, light-filled floor plan with hardwood floors, designer lighting, and high-end finishes throughout. The gourmet kitchen boasts stainless steel appliances, a large island, and seamless flow into the spacious living area, perfect for entertaining or everyday family living. The main-level owner's suite features a spa-inspired bath and a custom walk-in closet, while two additional bedrooms provide flexibility for guests or home office use. Upstairs, a private bonus suite with a full bath offers ideal space for a teen retreat or guest quarters. Downstairs, the fully finished basement is a showstopper! Complete with a second kitchen, bedroom suite, home theater, fitness room, and private office, making it perfect for multi-generational living, short-term rental potential, or ultimate entertaining. Enjoy peaceful mornings or sunset evenings on your covered patio with unobstructed golf course views. The property also includes modern upgrades such as a tankless water heater, reverse osmosis system, and upgraded HVAC. Located in SummerGrove, residents enjoy access to three pools, tennis courts, parks, walking trails, and a private lake, all within minutes of shopping, dining, and top-rated schools. Don't miss your chance to own this rare golf course home in Newnan's premier community, schedule your private showing today!
Source: GAMLS #10622476
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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.