637 Lakeview Dr Newborn, GA 30056
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About this home
Exceptional Custom-Built Home on 5.23 Scenic Acres with Lake Access. Discover this beautifully maintained residence nestled on over five acres of picturesque land, bordered by two private lakes offering direct access. This unique property is a rare opportunity for those seeking space, serenity, and versatility. Boasting 4 bedrooms and 3 full bathrooms, the home features a primary suite on the main level and a secondary primary suite in the fully finished walk-out basement-ideal for multi-generational living. Additional highlights include two full kitchens and two laundry rooms for convenience and flexibility, Sunroom and large bonus room (potential 5th bedroom), Walk-in attic, storm shelter, and a versatile workshop or personal retreat space, RV parking with power and water hookups plus a carport for additional covered parking. Enjoy tranquil mornings on the expansive back deck as the sun rises over the water, unwind in the included hot tub beneath the stars, or relax on the rocking chair front porch as the sun sets across the horizon. Outdoor enthusiasts will appreciate the 10-ft John boat (included), seasonal fruit orchard, and abundant wildlife year-round. From late fall to early spring, the elevated views offer a mountain-like ambiance, while summer brings lush foliage and added privacy-creating a true staycation experience in your own backyard year-round. This spacious and thoughtfully designed home is well-suited for dual households or those who simply love to entertain and enjoy nature. Don't miss this extraordinary opportunity. Seller is a licensed Real Estate agent in the state of Georgia.
Source: GAMLS #10587659
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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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