99 Linda St Saint Marys, GA 31558
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About this home
This property presents a unique lifestyle opportunity, combining equestrian facilities with riverfront tranquility-all without the restrictions of an HOA. Don't miss your chance, schedule your private showing today! The all-brick exterior, with classic ranch-style charm, is perfectly situated where the serene St. Mary's River meets Borrell Creek. 3 BRs/2BAs. The home features updated windows, a spacious formal living and dining area, an office, a bonus/game/craft room, & indoor laundry. The landscaped yard is enhanced with fruit & flowering trees, making this property beautiful. The home blends comfort, convenience, & equestrian living. A highlight is the functional equestrian barn alongside picturesque tidal creek frontage on St. Mary's River/Borrell Creek. The Equestrian barn has stalls, tack, & feed areas. Additionally, a Boarding License needs to be updated to reflect the new Owner. What a peaceful, natural setting for your enjoyment. Prime Location: Just 3 miles from public boat ramps, dining, & nightlife. St. Marys offers rich history & natural beauty. Only 3mi to Kings Bay Navy Base. Nearby outdoor activities include hiking trails at Crooked River State Park, golf courses, & an aquatic center. This property is 2.5 acres, and the Equestrian Barn sits on the back 1.5 acres. The house on the front acre. The owner may be willing to subdivide and sell the house separately.
Source: GAMLS #10637115
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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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