This charming residence is situated in one of Statesboro's most desired neighborhoods. The community pond is just a short walk away perfect for fishing, enjoying a picnic, or simply sitting back to take in the peaceful surroundings. Conveniently located close to the hospital, walking distance to GS, shopping, and all essential city amenities, this home offers both comfort and convenience. This impressive two-story remodeled home features four bedrooms, three bathrooms, and spans 3,298 square feet. It has been tastefully updated, showcasing a stunning kitchen with granite countertops, stainless steel appliances, a pantry, and modern light fixtures. The dining room and breakfast room offer plenty of space for gatherings and entertaining while two living rooms provide flexibility-one overlooking the beautiful backyard! Upstairs, you'll find three bedrooms, two bathrooms, and a versatile bonus room with an adjoining space ideal for heated and cooled storage or as an additional flex room. The renovated bathrooms and updated light fixtures complete all the details. Step outside to your own private oasis. The backyard is a true retreat, featuring a sparkling in-ground pool, fenced yard, and plenty of space to entertain. A covered porch with a gorgeous tongue & groove ceiling, a designated area perfect for an outdoor kitchen, and even a tiki hut makes this backyard one-of-a-kind-ideal for relaxing or hosting unforgettable gatherings. You have plenty of parking with the 2-car garage and custom-built double carport all tucked away on a peaceful cul-de-sac, it's a setting you'll never want to leave. The backyard greenhouse is a perfect space for growing herbs, flowers and fresh produce year-round. Contact us today to schedule a viewing. Properties like this don't stay on the market for long! *seller is offering a 2 year home warranty.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
