783 Lester Mill Rd Locust Grove, GA 30248
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About this home
Welcome to your own private retreat on 3.07 acres, with an amazing view of Indian Creek. Step up to the inviting front porch. To the side is a designated garden area and well house. Both well water and city water are available. The house is four-sided brick with siding on the addition. As you enter, you will be impressed with the bright, open floor plan and beautiful hardwoods throughout the main level, except for the tile flooring in the bathrooms. The dining room has a built-in cabinet with bookshelves. Updated kitchen features stainless steel appliances, professionally-painted cabinets, granite countertops and a double sink. There is a keeping/flex room with a wood-burning fireplace. The family room has a cathedral ceiling, lightly-stained wood plank walls and plenty of windows to enjoy the views. The oversized primary bedroom features a sitting room and its own private bathroom. Ask about a special feature in this room! Additional closet space in the hallway, plus a full bath. The secondary bedroom has a great closet. Partially finished basement (see photos) has two bedrooms and a finished full bathroom. There is a large recreation room with a working woodburning fireplace insert. Washer and dryer are located on this level. There is a lower level porch with many possible uses. Everyone will enjoy the 30'x 40' pool with diving board. Liner is 4 years old per Seller. There is a shady, covered area to escape the sun. Two-car, side-entry garage, plus additional parking. Property is sold "as-is" with right to inspect. E-Z access to I-75, plenty of restaurants and shopping opportunities are close by.
Source: FMLS #7613358
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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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