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$574,980 SIGNIN

Sign in to see required down payment for the 5.375% rate

75 Flagstone Dr, Newnan, GA 30263

4 beds · 2 baths · 2,197 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

WELCOME TO YOUR NEW HOME - A PRACTICALLY BRAND NEW RANCH ON A 5 ACRE LOT WITH A POOL IN NEWNAN!!!!! Every once in a while, a home hits the market that just feels different - and this is that one. This 4Bed/2Bath 2197 sq. Foot RANCH, Offers a thoughtfully designed living space, tucked away on what might be one of the most breathtaking landscapes that Coweta County has to offer - I mean seriously... the sunsets here alone will stop you in your tracks! COVERED FRONT PORCH leads you to the gorgeous front door and once you make it inside, there will be no denying that this home is IT. Upon entering the foyer, you are welcomed by a stunning TONGUE AND GROOVE CEILING which sets the tone for the custom wood details that you will find throughout the home. Beautiful engineered hardwood flooring throughout the main living areas. Freshly painted black interior doors add just the right pop of personality. Truly - All of the little details that this home features are completely unique to this home and really sets it apart from the cookie-cutter crowd- this home is bold, timeless, and anything but basic. Separate formal dining room with wainscoting is located off the foyer, however the additional dining area off the kitchen provides enough space that you could really turn the formal dining room into an office or a play room - OR BOTH! ;) Spacious living room features a wood burning fireplace w/ stone surround+shiplap to the ceiling and a statement tv accent wall with ambient lighting. Kitchen features a Huge granite island, stainless steel appliances, upgraded white shaker cabinets, under cabinet lighting, subway tile backsplash, a pantry, and a coffee bar (because yes, you can have it all). Tile in all bathrooms and laundry rooms, because details matter. Speaking of laundry-there's a gorgeous BARN DOOR that leads to a spacious laundry room that you'll actually want to spend time in - complete with wood shiplap accents and a darling bench that the sellers use as a storage cubby, *HOWEVER*, there is a little door (not seen in the photos), that if in use, would transform the bench into a little hidden cat nook - PERFECT for all the feline lovers out there! Split bedroom plan means privacy for everyone. 3 secondary bedrooms are located on the right side of the home are all generously sized and share a private hallway and a secondary bathroom. On the left side of the home - you'll find the PRIMARY SUITE which is the peaceful retreat that you deserve-complete with vaulted ceilings in the bedroom, tons of natural light, and a private primary bathroom featuring a walk-in closet, toilet closet, linen closet, double vanity, garden tub w/ tile surround, separate shower w/ pebble stone floor tile + a glass door, and an upgraded shower faucet featuring TWO shower head options (traditional AND rain!!!!). BUT WAIT-THE BEST IS YET TO COME! The backyard is where this home really turns into a lifestyle: Step out onto the expansive covered back porch and you'll find a view of your own private paradise complete w/ an Outdoor grilling station w/ a granite countertop - (Get ready to slay those summer cookouts). The highlight of the backyard is the brand-new above-ground pool, beautifully integrated into a Trex deck and surrounded by a safety fence - as an added bonus, the huge slide, pool equipment and pool chairs are all included so that you can dive into fun from day one! For the little adventurers, there's a play area featuring a rock climbing wall, swing, and a covered area for playtime or flexible outdoor storage. Absolutely stunning home, sitting on 5 gorgeous acres of wide open land that is just begging for bonfires, stargazing, and memory-making. 75 Flagstone Dr is not just a home - it's a whole vibe. Come see it in person, and you'll feel it too. **PS - If you qualify for it, there are opportunities available to Assume the current FHA Mortgage with a 5.25% RATE for a portion of the purchase price!!!!** Schedule your showing today!!

Estimated
Seller's interest rate
5.375%
7%
Estimated
Monthly payment

$3,250
$3,681
You may also save up to $141,420 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $3,681 monthly payment

Financed
SIGNIN
Location
Loan details
Loan type
FHA
Rate
5.375%
Remaining term
27 yrs and 4 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$3,250
Principal & interest
$2,446
Mortgage insurance
$309
Property taxes
$187
Home insurance
$306
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
2,197 sqft
Lot size
5.008 acres
Year built
2021
Type
Single Family Residence
HOA dues
$0.00

Source: GAMLS #10501029

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: May 15, 2025 09:23 am
Listing agent: Kelly Tynes (404) 384-1013
Listing provided courtesy of:
Details provided by GAMLS and may not match the public record.
MLS ID: #10501029
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright © 2025 GAMLS. All rights reserved.
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$3,250
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