1001 Coral Rd, Waycross, GA 31501
5 beds · 4 baths · 3,727 sqft sqft
Welcome to this expansive 3727sqft home on 0.76 acres, offering the perfect blend of comfort, luxury, and versatility. This stunning residence boasts 5 bedrooms and 3 full bathrooms, designed to accommodate your family's every need. The primary bedroom has its own bathroom and is connected to a secondary bedroom via a spacious 350 sqft live-in closet, providing ample storage and convenience. The home features a formal living room with separating doors that can be opened or closed, seamlessly transitioning into the elegant dining room-ideal for hosting gatherings or enjoying intimate dinners. The inviting den, complete with a charming brick fireplace, flows effortlessly into the kitchen, creating a warm and welcoming space for everyday living. A partially split floor plan enhances privacy, with a bedroom, bathroom, and family room situated on the opposite side of the home. Step into the attached sunroom or 5th bedroom and through glass doors and take in the view of the inground, fenced-in pool and gazebo -your private oasis for relaxation and entertainment. The spacious hallway bathroom features a separate Jacuzzi soaking tub and a stand-up frosted glass shower, providing a spa-like atmosphere. Outside, a covered walkway leads to the three-car garage, which includes a studio above that is 704 sq ft. that is not included in the 3727 sqft of the home. The studio is complete with its own full bathroom-perfect for guests, a home office, or a creative studio. Experience luxury, comfort, and endless possibilities in this exceptional home. Don't miss the opportunity to make it yours. Schedule a viewing today!
Source: GAMLS #10318002
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10318002
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #10318002
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.