89 Cowpen St Covington, GA 30014
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About this home
Find your family's perfect fit in this beautiful 5-bedroom, 3-bath home located in Covington's welcoming Enclave at Dial Farm! Priced at $399,000. This spacious two-story gem offers everything today's busy families need and more. The open-concept kitchen is the heart of the home-ideal for family meals, holiday gatherings, and homework nights at the island. A main-level bedroom and full bath provide a great setup for guests, grandparents, or a private office space. Durable tile flooring runs throughout the main areas, while soft carpet in every bedroom makes for cozy mornings and restful nights. Upstairs, enjoy a generous laundry room (no more hauling baskets downstairs!), roomy closets for all the kids' gear, and a smart, family-friendly layout that gives everyone their own space. The private front and back yards offer safe, open space to play, relax, or grill out on weekends, and the two-car garage has room for bikes, strollers, and storage. Just minutes away, Covington Square offers fun for the whole family with local shops, delicious restaurants, and cool filming spots from The Vampire Diaries and Sweet Magnolias. Spend your free time at Turner Lake Park, where walking trails, playgrounds, and peaceful lake views invite you to enjoy the outdoors together. This home isn't just a place to live-it's where your family's best memories begin. Come see it for yourself before it's gone and USDA financing is available
Source: GAMLS #10541365
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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.