569 Lovell Rd Temple, GA 30179
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About this home
3.56% Rate Assumable FHA with Roam! Welcome to 569 Lovell Road, a beautifully crafted custom ranch home nestled on a tranquil 4-acre lot in Temple, GA. Built in 2021 by Southern Ridge Homes & Development, this 3-bedroom, 3-bathroom residence offers a perfect blend of elegance and functionality. Home Features * Open Concept Living: The spacious family room features a custom stone fireplace, creating a cozy atmosphere. The gourmet kitchen boasts custom cabinets, a large island, granite countertops, and stainless steel appliances, making it ideal for both cooking and entertaining. * Master Suite Retreat: The main-level master suite offers a serene escape with a luxurious bath featuring a tiled shower and bench, double vanity, and walk-in closet. * Versatile Floor Plan: The split-bedroom layout includes a secondary master suite with an ensuite bath, perfect for guests or as a private office. * Outdoor Living: Enjoy the outdoors on the large rear porch, ideal for relaxing or hosting gatherings. Property Highlights * Private Acreage: Set on a peaceful 4-acre lot, this home offers privacy and space for various outdoor activities. * Quality Construction: Built with attention to detail, featuring concrete and stone exterior materials and a composition roof. * Energy-Efficient Features: Equipped with modern heating and cooling systems, including ceiling fans and electric air filters. Location & Community Located in Carroll County, this home is part of the Sharp Creek Elementary, Temple Middle, and Temple High School districts. The property offers a peaceful rural setting while remaining conveniently accessible to local amenities and major roadways. Don't miss the opportunity to own this exceptional home that combines modern amenities with a serene country setting. Contact us today to schedule a private showing!
Source: FMLS #7580111
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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.