100 LAKESHORE WAY, Lagrange, GA 30240
$5,000 BUYER INCENTIVE FOR PAINT AND NEW CARPET Charming Brick Ranch Home on an Acre Lot. Welcome to this delightful brick ranch home situated on a spacious acre lot, featuring a durable and stylish metal roof. This home is designed for comfort and ease, offering a blend of open living spaces and private retreats. Open Kitchen, The heart of the home, boasting a breakfast bar, granite countertops, and a pantry. It seamlessly flows into the family room, making cooking and entertaining a breeze. Separate Dining Room Perfect for formal gatherings and special occasions. Formal Living Room, Cozy up by the fireplace in this inviting space, with an adjoining sunroom for additional relaxation. The home features three bedrooms on the primary floor, each with its own private bathroom, ensuring comfort and privacy. The master suite is conveniently located on the main floor. Upstairs Bedrooms, Two additional bedrooms upstairs share a well-appointed bathroom. Enjoy the open back deck, ideal for entertaining guests. The fenced-in backyard is a garden lover's dream, offering ample space for planting and enjoying nature. Don't miss the opportunity to make this charming brick ranch home your own. Contact us today to schedule a viewing!
You may be able to put down less than the total down payment amount of $121,511 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10352904