65 Tahoe Dr Newnan, GA 30263
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About this home
Motivated Seller, ALL Reasonable Offers Considered! Fabolous Price! Welcome to the Cottages at Lakeshore! Adorable, Spacious 3 bedroom townhome in an amenity filled community! Approximately 2128 sq ft, Open kitchen with stainless steel appliances, pantry and breakfast area. ALL appliances remain with the home, including the washer and dryer. Downstairs there is also a family room with a fireplace and a door that leads to an outdoor patio perfect for grilling. Upstairs you will find a SPACIOUS Owners suite with a sitting area, and 2 nice sized secondary bedrooms. There is NEW Carpet and NEW neutral paint throughout the home. The HOA is $325 a month and takes care of ALL exterior maintenance, including lawn care so no grass cutting in this summer heat, AND they handle the Roof and Gutters of the homes, so you can enjoy a maintenance-free lifestyle and cheaper insurance premiums!!! The community offers fantastic community amenities, including a sparkling pool-perfect for cooling off on hot summer days, tennis courts for recreation and fitness, playground and even a lake. Fabulous location... 5 minutes to the LINC, 7 minutes to Ashley Park with lots of great shopping and dining options, 2 miles to Newnan Square and Easy access to the Interstate and ONLY 30 minutes from the Atlanta Airport-perfect for commuters! Great opportunity for homeowners looking for a low maintenance home or Investors looking to add to their portfolio (Long term rentals are allowed!)! Schedule your showing today!
Source: GAMLS #10620610
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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.