65 Mary Jane Ln Covington, GA 30016
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About this home
***BACK ON MARKET- Buyer Financing Fell Through*** Introducing a lovely gem in Covington with a modern luxury aesthetic. This stunning 5-bedroom, 4-bathroom home offers the perfect blend of builder craftsmanship and custom upgraded touches. The popular Ryan floorplan features a spacious layout with a dedicated formal dining room, a guest suite on the main level, and an open-concept kitchen and family room ideal for gathering. The family room has been beautifully upgraded with exposed wood beams on the tray ceiling and a floor-to-ceiling stone fireplace wall creating a cozy, high-end focal point you'll love. Upstairs, the oversized owner’s retreat is a true sanctuary with a step-up layout that includes a huge separate sitting room or media space perfect for relaxing or working from home. A Jack and Jill bathroom connects two secondary bedrooms, while a private junior suite with its own full bath and walk-in closet is ideal for guests or multigenerational living. Other upgrades include hardwood stairs (no carpet!) and a large, flat, fully fenced-in backyard with a custom sprinkler system that's perfect for entertaining, kids, or pets. Whether you’re sipping coffee on the patio or enjoying the warmth of the upgraded fireplace, this home offers both comfort and style. Located in the desirable Forest Heights community, just 10 minutes from charming Downtown Covington and minutes from shopping and dining along Salem Road, this home is designed for both everyday living and stylish entertaining. Don’t miss your chance to own this impeccably maintained and thoughtfully enhanced resale masterpiece in one of Covington’s most convenient locations! *** Shoe coverings will be provided at the front door. We kindly ask that you please cover your shoes upon entry before showing. Thank you!***
Source: FMLS #7569194
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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.