776 Mountain Oak Rd # 4154 Unit 4154 Ellijay, GA 30536
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About this home
Fresh Updates & Mountain Charm! Discover the perfect blend of comfort, privacy, and mountain charm in this beautifully refreshed cabin tucked away on 1.45 acres (3 lots) in the gated Walnut Mountain community. Recent improvements include new interior paint, newly refinished wood floors on main level, new carpet on lower level, new lighting, and freshly trimmed trees, making this home truly move-in ready from day one. Step inside to a warm and inviting great room with soaring cathedral ceilings, a stacked-stone gas fireplace, and gleaming refinished real wood floors that flow into a cheerful kitchen with stainless appliances and a brand-new refrigerator. Each of the three levels features its own bedroom and bath for the ideal layout of privacy and flexibility, while the upper-level guest suite offers a private balcony and walk-in closet, and the terrace level provides a full entertainment space with a family room, wet bar, guest suite, and new carpet. Enjoy peaceful outdoor living from two full-length covered porches (feels like you are in a treehouse). Perfectly situated beside Walnut Mountain greenspace, there will never be any homes built any closer, ensuring lasting privacy. Additional features include a whole-house generator, main-level laundry, and an easy-access location near the gated entrance, fishing lake, and tennis/pickleball courts. With paved roads and downtown Ellijay just 10-15 minutes away, this is the ideal combination of seclusion and convenience. Walnut Mountain amenities include public water, hiking trails, four small lakes, an Olympic-sized pool, clubhouse, tennis/pickleball, and more-making this the ultimate North Georgia mountain retreat! Short term rentals allowed. (New photos with updates coming soon!)
Source: GAMLS #10545916
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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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