6 Spalding Ct # 5221 Unit 5221 Ellijay, GA 30540
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About this home
Welcome to your mountain retreat in the sought-after Coosawattee River Resort, where comfort, recreation, and natural beauty come together! This beautifully updated home features an open living room with a stunning stacked stone gas fireplace, seamlessly connected to the kitchen and dining area — perfect for entertaining. The kitchen is outfitted with warm oak cabinetry, sleek quartz countertops, and plenty of space to gather. The main level boasts a spacious master suite with an oversized walk-in closet and a beautifully remodeled bath, complete with slate floors, a large tiled shower, double vanity, and a sliding barn door to the private toilet area. A spiral staircase leads to the finished basement, where you'll find a second living room with a sink ideal for a wet bar setup, a full bath with shower, laundry area, and two additional bedrooms. Enjoy year-round outdoor living on the covered porch where you can listen to the soothing sounds of the creek, or relax on the wraparound deck that extends along two sides of the home. Covered parking and extra storage space add convenience. Located within the gates of Coosawattee River Resort, you'll have access to top-notch amenities including three pools (one indoor), tennis courts, fitness center, parks, and trails for riding side-by-sides. You're also just minutes from a river tubing pickup point — the perfect way to enjoy summer in the mountains! Whether you're looking for a full-time home, vacation property, or investment opportunity, this one has it all! Interest rates as low as 4.75% available for qualified buyers.
Source: FMLS #7607167
Neighborhood
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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.