97 Hillside Dr Toccoa, GA 30577
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About this home
Welcome to this solid 4-sided brick ranch just minutes from downtown Toccoa and Hwy-17. This 3-bedroom, 2-bath home has been thoughtfully updated and offers a great mix of comfort and practicality. Inside, you'll find hardwood and LVP flooring, a kitchen with beautiful quartz countertops, and bathrooms that have been completely redone with modern flooring and fixtures. The family room or den features a wood-burning stove that adds warmth and charm, perfect for relaxing on cool evenings. Enjoy the screened and covered back porch that looks out over the spacious backyard. For those who need extra room to work or store equipment, there's a large 60x24 shop with electricity and water, plus another 28x20 building for additional space. The seller has also installed a dust collection system in the shop! If you've been looking for a well-built home with updates already done and room to spread out, this one is ready for you!
Source: GAMLS #10638446
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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.