1011 Greenwood Cir, Madison, GA 30650
4 beds · 3 baths · 3,000 sqft
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!
Source: GAMLS #10329036
Source: GAMLS #10329036
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: #10329036