661 Mahoney Rd Hinesville, GA 31313
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About this home
INVESTOR SPECIAL or DIY DREAM! Welcome to 661 Mahoney Road - a 4-bedroom with a bonus room that can be a 5th bedroom, 2-bath home offering nearly 2,000 sq ft of living space on a spacious 0.3-acre lot in Hinesville. This 1975 brick ranch is ready for a makeover and offers the perfect opportunity to create value through updates and repairs. Featuring a solid brick exterior, a detached 2-car garage, and a flexible floorplan, this home has great bones and tons of potential. Whether you're an investor looking for your next flip, or a homeowner ready to roll up your sleeves and bring your vision to life, this property is priced to sell! Located in an established neighborhood with no HOA, just minutes from Fort Stewart, shopping, and schools - this is your chance to build equity in a growing area. Sold as-is - bring your ideas and your toolbox!
Source: GAMLS #10594867
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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.