900 Mountain Ridge Dr Unit 4.89 ACRES Manchester, GA 31816
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About this home
ATTENTION VETERANS THIS IS AN ASSUMABLE LOAN @ 4.87%! Welcome to the breathtaking beauty of 900 Mountain Ridge Drive in Manchester, Meriwether County, Georgia. This custom-built Southern residence is perched along the scenic Pine Mountain Ridge, within the city limits of Manchester, and nestled on a stunning 4.89-acre lot. Spanning approximately 3,000 square feet, this 3 bedroom, 2.5 bath multi-level home offers unparalleled privacy and panoramic views. The main level features the spacious primary suite, while two additional guest bedrooms and a full bath are located upstairs. As you enter, you're welcomed by a beautifully kitchen with stainless steel appliances, granite countertops, and a walk-in pantry. The kitchen opens into a grand great room showcasing hardwood floors, a cozy fireplace, and a wall of windows that flood the space with natural light. Step outside to an expansive 850-square-foot deck overlooking a sparkling in-ground saltwater pool-perfect for morning coffee or evening relaxation. Upstairs, you'll find two additional bedrooms with generous closet space and a full bathroom. The terrace level offers a warm and inviting family room ideal for game days, a wine cellar, and a spacious laundry room. This level also leads out to a screened-in porch-perfect for cookouts and casual gatherings. A detached two-car garage offers abundant storage and a full-width workshop area-ideal for hobbyists or additional workspace. Adding even more charm, the property includes a 230-square-foot man-cave cabin complete with a screened front porch and a half bath-a private retreat just steps from home. Outdoors, enjoy an abundance of Muscadine grapevines and blueberry bushes, enhancing the property's natural beauty and charm. Conveniently located near shopping, schools, and places of worship, this home is also just a short drive to Georgia's largest state park, F.D. Roosevelt State Park, and the renowned Callaway Gardens. Travel is easy, with Atlanta's Hartsfield-Jackson Airport only 75 minutes away, Columbus just 45 minutes, and Newnan, Peachtree City, and Senoia all within 50 minutes.
Source: GAMLS #10494630
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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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