1044 Farmhouse Rd, Gainesville, GA 30506
4 beds · 3 baths · 2,171 sqft sqft
Welcome to this exquisite midcentury modern home, ideally located just off the lake and a short drive from the prestigious Chattahoochee Country Club. Set on a generous 1.4+ acre lot, this exceptional property offers a peaceful and private natural setting, perfect for those seeking a blend of tranquility and luxury. As you step inside, you will be greeted by a bright and inviting interior, featuring elegant hardwood floors and a newly renovated kitchen that seamlessly flows into a cozy keeping room, complete with a charming fireplace. The expansive dining room and spectacular two-story living room, adorned with a striking wall of windows and rustic wood beams, create an atmosphere of sophistication and warmth. This home includes four thoughtfully designed bedrooms, highlighted by an oversized loft master suite that features a sitting area and a convenient laundry area in the Master Bath, ensuring a perfect retreat for relaxation. The lower level has been tastefully updated, showcasing a spacious family room with a stunning stone fireplace, built-in bookshelves, an additional bedroom or office space, a full bath, and a second laundry room for added convenience. Embrace outdoor living on the wrap-around deck or unwind on the covered front porch, immersing yourself in the serene surroundings. With excellent schools nearby, no HOA restrictions, and just under 2 miles from the Antioch Boat Ramp for easy access to Lake Lanier, this property embodies the essence of luxurious living. DonCOt miss the chance to make this remarkable home yours. Schedule your private tour today and take the first step towards owning this unique property!
Source: GAMLS #10414156
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10414156
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: #10414156
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.