5388 Frazer Rd Buford, GA 30518
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About this home
Tucked away in the heart of Hall County with a coveted Buford City address, this private 13 acre equestrian retreat offers the perfect blend of serene country living and urban convenience. Just minutes from the Mall of Georgia, a short drive to Lake Lanier for watersports, and within easy reach of the North Georgia mountains, this property provides an ideal balance of recreation, relaxation, and accessibility. Located within the award-winning Buford City School District, the 4 sided brick 4-bedroom, 3.5-bath home features a main-level master suite and is designed for both personal enjoyment and income potential, whether as a private farm or a boarding facility. Spanning five fenced and cross-fenced pastures, the property is well equipped with horse wire and electric rope fencing, including a large run-in shed with feeding access windows in Field 3. The arena, situated on the hill above the main barn, boasts M10 footing, lights, excellent drainage, and natural shade throughout the day. Enjoy scenic horseback riding, ATV, and biking trails winding through the landscape, as well as access to a creek with swimming holes, perfect for both horses and riders. Additional features include two chicken coops with runs and perimeter fencing, a shaded, fenced backyard off the deck ideal for children and pets, a trailer parking pad, and a separate gravel driveway leading to the main barn. A fenced driveway with an underground doorbell connects directly to the farmhouse, ensuring security and privacy. The main barn (88x52) is thoughtfully designed with eight stalls featuring M10 drainage, mats, fans, and 12x12 runs with windows, allowing for natural light through overhead skylights and metal stall caps providing easy cleaning and protection. This barn also includes an extra-large foaling stall run connected to the first stall, a wash rack with drainage, a sealed tack room, a separate feed room, and a hay/equipment shed. Security is paramount, with cameras installed throughout. The entire barn is fully wired with lights and outlets, all GFCI protected, with metal-clad wiring to guard against rodent damage and metal outlets and switch housings for enhanced durability. The lower barn (34x48) offers an additional six stalls, all benefiting from overhead skylights for natural light, along with hay storage and an enclosed tack room. With its limitless potential, this exceptional equestrian estate is a rare find in Buford, offering a unique opportunity for a family farm, boarding business, or personal retreat. Don’t miss the chance to make this versatile and beautifully maintained property your own!
Source: FMLS #7654641
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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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