8186 Seven Oaks Dr Jonesboro, GA 30236
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About this home
Beautiful, well maintained home in Lake Spivey Country Club located at the 17th hole! The home features rich dark hardwood floors, new carpet, neutral gray paint & crown molding throughout, new faucets and granite counter tops in this big, spacious kitchen!The kitchen features a breakfast area, breakfast bar and ample cabinet space with an open concept that overlooks the great room that which includes a nice, cozy gas fireplace. The spacious master suite has tray ceilings, his and her closets,double vanities, separate shower and whirlpool tub to relax in! Two nice size secondary bedrooms that offer ceiling fans and nice size closets. The guest bath offers plenty of space, linen closet and double vanities. There's a nice size pantry and half bath located off the kitchen and laundry room that includes a sink. The home has a huge bonus room/office or possible 4th bedroom with entry to the outside deck. Huge double car garage and a separate golf cart garage. Hugh deck for grilling and entertaining that overlooks the 17th hole enclosed with a black iron fence. Gutters guards were installed. This established quiet neighborhood offers a clubhouse, pool, walking trails and more! Walking distance to Clayton County International Park which includes a water park, tennis,recreation center with pool,doggy park, senior citizen activities offered as well. The HOA is less than 18/month. This Gorgeous Home Is A Must See!! **Motivated Seller**
Source: GAMLS #10585991
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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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