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100 Rolling Ridge Dr

Covington, GA 30016

3 beds · 2 baths · 1,353 sqft

$265,000

$1,136/mo with 3.5% Express Financing

$1,375/mo with 7% bank financing

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About this home

Welcome to your future home! This charming 3-bedroom ranch, situated on a quiet, family-friendly cul-de-sac, offers privacy and no HOA restrictions. The spacious, fenced backyard is perfect for entertaining, pets, or relaxing in the outdoors. Inside, the bright, open kitchen flows into a cozy living room with a fireplace-ideal for movie nights or unwinding after a long day. The primary suite features a walk-in closet, a double vanity bath, and direct backyard access for easy outdoor enjoyment. The two additional bedrooms offer flexible space, perfect for a home office, studio, or extra room for family and guests. With a newer roof, ample parking, including a one-car garage, a large parking pad, and a long driveway, you'll have plenty of space for visitors. Plus, a spacious garage storage room and backyard shed. Located within walking distance to Newton High and Clements Middle School, and with easy access to I-20, this home is the ideal combination of comfort, charm, and convenience-perfect for first-time buyers!

Source: GAMLS #10398694

1,353 sqft
0.59 acres
Single Family
Built in 1993

Neighborhood
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FAQs

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.

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Last updated: Apr 14, 2025 07:59 pm
Listing provided courtesy of: Keller Williams Rlty First Atl (404) 531-5700
Details provided by GAMLS and may not match the public record.
MLS ID: #10398694
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