523 S 6th St Griffin, GA 30224
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About this home
*$2000 PREFERRED LENDER CREDIT IF BUYER USES SELLERS PREFERRED LENDER! CALL FOR MORE DETAILS! Welcome Home! Enjoy peaceful mornings on the charming rocking chair front porch, nestled on a quiet street just a short stroll from Downtown Griffin. This beautiful historic home is brimming with character and sits on an expansive L-shaped lot-ideal for adding a pool, guest house, or enhancing your outdoor entertaining space. Step inside to a spacious foyer and wide hallway that create an inviting first impression. To your right, you'll find a cozy living/family room perfect for relaxing or entertaining. To the left is the first bedroom. The primary bedroom, located down the hall across from the kitchen, offers a private ensuite full bath for your comfort with a beautiful stained glass window and clawfoot tub. The heart of the home is a delightful kitchen featuring a fireplace, eat-in dining space, and a pantry. Toward the back of the house, you'll find the third bedroom and a full hall bath featuring another beautiful stained glass window. A convenient laundry area is tucked into a hall closet near the rear entrance. Step outside to unwind on the back patio or gather around the outdoor fire pit for s'mores and stories under the stars. A spacious parking pad and detached garage/parking shed sit at the back of the property, offering ample space and functionality. The large, open backyard provides endless potential to create your dream outdoor oasis. Come experience the warmth and wonder of this timeless gem-schedule your tour today! New Roof in 2024!
Source: GAMLS #10535183
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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.