Welcome to this well-maintained 4-sided BRICK RANCH in Toccoa, This 3-bedroom, 2-FULL BATHS home offers the perfect combination of solid construction, low maintenance and move-in ready home with a roof only 4yr old, Inside, you'll find durable LVP flooring throughout the main living areas, creating a clean, modern feel with easy maintenance. The spacious family room with a wood-burning stove provides a cozy gathering space, ideal for relaxing evenings or entertaining guests. Enjoy the separate dining room and living room, along with large laundry room right inside the backdoor with plenty of room for storage. Step outside to enjoy the large screened-in back porch, perfect for year-round outdoor living, morning coffee, or unwinding after a long day. The fenced backyard offers privacy and functionality, complete with a storage building/workshop, making it ideal for hobbies, tools, or additional storage. Conveniently located around the corner from Toccoa Elementary School and downtown Toccoa, as well as Henderson Falls Park Toccoa Falls College. Enjoy Toccoa Falls, golf at Currahee Club or The Links at Lake Toccoa, take in a show at The Ritz Theater, and take the boat out on Lake Hartwell, all located in Stephens County, minutes from your new home. Enjoy downtown events festivals, or Currahee Winery 5 minutes away, and easy access to hiking at Currahee Mountain, and the North Georgia mountains just a short drive away. Love to fish? This is the place! Options include Bass and Striper fishing on Lake Hartwell or the trophy Trout Rivers nearby, including the Soque River and the Chattahoochee, as well as several smaller trout streams. Rest assured your health has every local support with NGPG clinic, every medical specialty, and Stephens County Hospital, ranked #1 for small hospitals in GA, a top Trauma Center, Stroke Center and Georgia Heart Institute. Home is 1 mile from the 4-lane Hwy 17-By-pass, and just a short drive to the South Carolina border and less than a 30 minute drive to surrounding cities including Gainesville, Hartwell, Clemson, Westminster, Clarkesville, Cleveland, Cornelia, Martin, Lavonia, Homer, Lula, Carnesville, and Royston. Close to lots of camping, lakes, waterfalls, tourist attractions, restaurants and shopping, and approximately one hour to Greenville-Spartanburg International Airport. This property is ideal for first-time buyers, downsizers, investors, or anyone seeking a low maintenance brick home in Northeast Georgia location with excellent highway access and proximity to lakes and mountains. Schedule your private showing today. No restrictions on short term rentals or land use.
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.
