647 Knight Bottom Rd SE Fairmount, GA 30139
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About this home
BEAUTIFUL CUSTOM HOME ON 5 PRIVATE ACRES !!! If you are seeking a RURAL relaxed LIFESTYLE that includes a QUALITY build on 5 PRIVATE acres, surrounded by woods, adjoining nearby horse farms/farms, with only sounds of roosters and the gently flowing stream over the hill, this LOVELY HOMESTEAD is it! IDEAL for WORK FROM HOME (1G HIGH SPEED fiber) FAMILY COMPOUND, RETIREMENT and HOME BUSINESS/WORKSHOP. No HOA's, community fees or restrictions!! Enter through the gated farm entrance, with views of the GORGEOUS pond and beautiful fenced pastures, as you drive down the long level driveway and experience some of the most amazing sunsets you'll ever see! The gorgeous custom home features wrap around porches, charming details, and is the perfect blend of rustic with modern amenities. This 5 ACRE wooded property has VERY LITTLE MOWING and features a HUGE detached WORKSHOP/GARAGE (constructed in an underground barn) with 200AMP,upgraded transformer 37.5KA, concrete flooring, additional concrete drive/parking, super-functional for AUTO MECHANICS, welders, small business owners, BOAT storage, parking 8-10 vehicles, truck parking, storage and more. The custom log home has been lovingly updated to include beautiful granite, fabulous soaking tub in primary bath, lots of closet space, soaring ceilings and an open floorplan. Easy living with PRIMARY BEDROOM SUITE ON MAIN LEVEL, his/hers closets, beautiful bath and kitchen. Second story features a loft, two additional bedrooms, full bath and lots of closet space. An EASY COMMUTE to Canton (45 min), Marietta (45 min), Ellijay (30 min) Chattanooga (45 min), only 10-12 MINUTES TO HOSPITAL, GROCERY, RESTAURANTS and i-75 in CALHOUN GA! Nearby Carters Lake (10-15 min) for boating/fishing. LOCATED IN A FARM CORRIDOR, surrounded by family farms and horse farms, THIS IS THE BEST OF ALL WORLDS, peaceful rural privacy with quick access to all conveniences. Come and experience the beauty and "every day feels like a vacation" living experience at 647 Knight Bottom Rd. ( Fairmount mailing address but closer-in to Calhoun GA).
Source: FMLS #7673438
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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.