1001 CORAL RD, Waycross, GA 31501
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!
You may be able to put down less than the total down payment amount of $171,016 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: #10318002
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.