Welcome home to this 5 bedroom, 4.5 bathroom traditional three-story southern colonial estate located in Sharpsburg, GA on 7.01 acres with NO HOA. This is a rare find in Coweta County. Let's paint a picture, shall we? Sitting on your southern-styled front porch, complete with swing, enjoying your morning cup of coffee, overlooking your front pasture. Sound too good to be true? Wait till you hear the rest! This spacious, well maintained, home offers 4,136 above grade sq ft. on a 1,454 below grade sq ft. finished walk out basement. Once inside the front door you will be greeted by southern charm: a generous open foyer, 12+ seat formal dining room, powder room, office, and gracious primary suite. Timeless refinished hardwood floors flow throughout the main level. The open concept kitchen and living area make entertaining so easy and enjoyable. Gather around the large kitchen island or enjoy time grilling on the large back deck overlooking your salt water pool and fenced in backyard. The kitchen boasts upgraded stainless steel appliances, black granite solid surface counter tops,and a walk in pantry. Just off the kitchen is a large laundry room with utility sink. The living room is bright and airy with custom plantation shutters, built ins, and a wood burning fireplace. The additional wing of the main level features a spacious primary suite with a luxurious on suite with large double vanities, two walk in closets, soaking tub, and large tiled shower. The primary suite also has it's own private deck overlooking the backyard and pool. On the upper level you will find new carpet, 3 additional bedrooms (one that has its own private bathroom) with custom plantation shutters, an additional bathroom, office, and a large unfinished space, which can be used for storage or finished to make a secondary primary bedroom, bonus room, theatre, gym, you name it! The basement features an additional bedroom, full bathroom, kitchenette, and a living room that opens to the pool deck and outdoor kitchen - complete with mini fridge, sink, and grill. You'll also find a 3 car garage, large storage/utility room, shed for even more additional storage. There is a creek located on the back side of the property. Located in the award winning Coweta County School district: Willis Road Elementary, Lee Middle, and Northgate High School. Also, conveniently located near Peachtree City, Newnan, I-85, and shopping. Luxury, space, and privacy - all in one exceptional property.
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.
