1011 GREENWOOD CIR, Madison, GA 30650
Price Improvement!! Schedule your showing today!! Minutes from Downtown Madison, or 30 min downtown Athens. A great location! Nestled on a picturesque corner lot adorned with beautiful weeping willows, this property offers both elegance and comfort. With 4 spacious bedrooms, 3 on the main level with a split floor plan, a large bedroom, bath, a walk-in closet upstairs and 3.5 total bathrooms, this home is designed to meet all your needs with ample space for family and guests, ensuring everyone has a place to make their own. For a touch of sophistication and architectural charm, coffered and trey ceilings are featured throughout. The granite kitchen countertops and under-counter lighting give the kitchen just the touch it needs, and the separate dining room is perfect for hosting dinner parties or enjoying family meals. The Multi-Use space just off the foyer is ideal for working from home, a study area, or a hobby room. The full basement includes a finished extra-long garage that would be perfect for boats or any of your recreational toys. The unfinished area is a perfect space for storage or future use as a gym, MIL suite, apartment or an additional entertaining area. The plumbing is already stubbed for a bathroom. Backyard with Privacy Fence and Gazebo is a private oasis perfect for relaxation, entertaining, and outdoor activities. It includes a large RV Pad with an electric hookup and water close by. Located in a friendly neighborhood, you'll be close to excellent schools, parks, and shopping centers, making this the ideal place to settle down. Don't miss out on this incredible opportunity to own a beautiful home with all the amenities you need. HVAC was recently replaced in May 2024, roof is less than 8 years old. TLC Needed- paint and flooring will really make this property shine. Schedule a viewing and see for yourself all that this charming property has to offer!
You may be able to put down less than the total down payment amount of $161,462 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: #10329036