76 Hodges St Newnan, GA 30263
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About this home
$10,000 SELLER PAID CLOSING COSTS INCENTIVE! Amazing Opportunity to live in the beautiful Genesee Neighborhood in Newnan! This spacious 4 bedroom/4 full bath Westerly floorplan built in 2019 features approximately 4100 sq feet of well-planned living space including a beautiful 2 story living room area connecting to a separate dining room with coffered ceiling. The gourmet kitchen has granite counters, a large center island, an abundance of cabinet space with soft close drawers, stainless appliances including a double oven! Walk in kitchen pantry for storage. Large family room with fireplace has a door to the outside patio and backyard. Also, on the main level is a spacious bedroom with a walk in closet and a full bathroom. Wonderful for visiting guests! Upstairs there's a huge versatile loft area. Two secondary bedrooms have access to a connecting bathroom with double sinks. Laundry Room with ceramic tile floor is located just off the loft area for convenience. One of the many special features of this amazing home is the primary bedroom suite which includes an oversized bedroom area opening to an additional sitting room retreat. The primary bathroom has two separate vanities, 5 ft. soaking tub and a separate tile shower. Plus a fantastic walk in closet! Blinds throughout the home along with living room and family room curtains included with the sale. Home has beautiful natural light and neutral paint throughout! An extra bonus is the mud room area that leads to an oversized 3 car garage! In addition to the 3 spaces for vehicles, there's an approx 10x20 area space that can be used as a workshop or home gym area or finished as an extra room - home office, etc - by adding an interior door from the front living room for access! See virtual photos for illustration. Homes in Genesee have 1 acre lots so there's plenty of room to add a screened or covered porch, a pool, children's playset & more! Neighborhood amenities include sidewalks, olympic size pool with covered porch clubhouse and 2 playground areas! Golf cart friendly neighborhood. Great schools - Brooks Elementary/Madras Middle/Northgate High School! Easy access to Brooks Elementary from inside the neighborhood. Just minutes from Ashley Park shopping and dining & Serene! You will love this beautiful home and neighborhood!
Source: FMLS #7668386
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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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