1101 Tallahassee Rd, Bainbridge, GA 39819
5 beds · 3 baths · 2,501 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Step into comfort, space, and Southern charm with this lovely home at 1101 Tallahassee Rd in Bainbridge, GA. Tucked away in a scenic and steadily growing community, this property offers the perfect blend of modern convenience and small-town warmth-ideal for families or anyone looking for a welcoming place to call home. Inside, you'll find a renovated kitchen, a spacious primary bathroom with a double vanity, and eye-catching hardwood floors that flow throughout both levels. A large covered porch looks out over the fenced backyard, making it the perfect spot to unwind or entertain guests. The layout includes a cozy living room, a family room, a formal dining space, and a generously sized walk-in laundry room that connects directly to the kitchen through a practical mudroom. Upstairs, there are two bedrooms, a full bathroom, and a bonus room that works great as an office, extra storage, a study, or even a reading room. Energy efficiency has been thoughtfully addressed with added insulation installed in the past five years. The main level is equipped with central heating and air, while the upstairs has window units to keep things comfortable year-round. The roof was replaced in 2011, and there's an RV hookup out back for even more flexibility. This home is also in a prime location-close to several entertainment and recreational options. Just a short drive away are Willis Park and the Silver Lake Wildlife Management Area, both popular for outdoor activities. Bainbridge also offers unique attractions like the Decatur County Museum and other outdoor attractions. As the "Bass Capital of Georgia," the area is perfect for fishing and water sports, with easy access to the Flint River and Lake Seminole. Currently a successful Airbnb. Due to bookings, showings are limited. Proof of funds or pre-approval required to scheduling a tour.
Source: GAMLS #10516188
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10516188
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.