8465 Highway 254 Cleveland, GA 30528
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About this home
UNRESTRICTED 7.195 acres w/ 3BR/2BA 2022 Manufactured home in Excellent condition PLUS an unfinished Guest house!!! What an opportunity!!! Main home is FHA approved and sits on a permanent foundation. The home features a fabulous open kitchen with Tabletop Island making entertaining easy. Plenty of dining space!! Generous Bedrooms and closet spaces. Mud room. Primary suite bathroom has dbl vanity and spacious shower. Guest bath also features double vanity. Laminate floors and carpeted bedrooms. Central Heat Pump, Public water, Windstream Kinetic internet. Guest house has garage in lower level, some renovations started with sheetrock on the main floor. Being sold AS IS. There is a 10x20 workshop next to the home with 2 covered overhangs, fully wired, metal siding and roof. Beautiful Old Nostalgic Barn sits in the middle of the property and has a loft and 2 rooms. This open, gentle property is located on Hwy 254 in Cleveland GA Approx 6 miles to town. Easy access to shopping, hospitals, and recreation. Plenty of space for another home or 2 ( verify through the county). Gardening possibilities. Close to Hwy 129. Appointment only.
Source: GAMLS #10623217
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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.