17454 Ga Highway 11 N, Monticello, GA 31064
4 beds · 4 baths · 3,591 sqft
An amazing opportunity in Monticello with this property that sits on 10.5 fenced acres! A wrap-around rocking chair porch welcomes you inside to this 4BR 4.5BA home that sits on a partially finished full basement. You will notice hardwood floors throughout the main living areas. There are custom-made cabinets in the kitchen, breakfast bar, and plenty of storage. The oversized master suite is located on the main level. The en-sutite bath includes a double vanity, jetted garden tub, and walk-in shower. The upstairs bedrooms have a very tasteful sink and cabinet in each bedroom for a dressing area separate from the bathroom. The basement there is a game room, with a pool table and bar that will remain with the home! It already has a garage and a finished bathroom, and could be finished into an inlaw suite. Enjoy the breathtaking view from your wrap-around porch. In the pastures there is a portion that is sectioned off in the wooded area with a creek, a small animal area to the right and a back pasture that is gated off from the main area. There is water available in 4 locations in the pastures behind the home. Both out buildings have electricity, one is 10x20 and the other is 12x12 Come and see all this home has to offer.
Source: FMLS #7474771
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7474771
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #7474771
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.