105 NORTHWOOD SPRINGS DR, Oxford, GA 30054
Welcome to 105 Northwood Springs Drive, a stunning front-sided brick home nestled in a peaceful cul-de-sac on 1.49 acres in the coveted Northwood community of Oxford, GA. This picture-perfect, beautifully landscaped property features a total of 4,332 sq ft of luxurious living space, blending modern elegance with comfortable living and many updates. Step inside and be greeted by a welcoming two-story foyer with elegant wood floors and a statement staircase. To the left is a versatile flex room, currently used as an office, which features crown molding and leads into an adjoining dining room adorned with crown molding and a chair rail, perfect for gatherings. The two-story hub of the home family room, featuring a gas-start wood-burning fireplace, opens directly to the outside deck and seamlessly connects to the bright and airy heart of the home eat-in kitchen. This culinary space boasts custom countertops, a breakfast bar, tall white cabinets, a timeless black deep double basin, a charming bay wall, a built-in desk, and wood floors underneath the tile. The first-floor private primary suite offers a serene retreat with a bay wall and an updated spa-like bathroom with a jetted soaking tub, separate shower, dual vanities, private commode room, and a walk-in closet. The suite also features a recessed ceiling and crown molding, adding a touch of elegance. A convenient entry hall with wood floors off the garage includes the laundry area and provides easy access. Additionally, there is a half bath on the first floor for guests' convenience. The second floor will not disappoint with its four additional spacious bedrooms, two full bathrooms, and a balcony overlooking the family room and foyer. The expansive studded unfinished walk-out basement offers endless possibilities for customization and additional living or recreational space. The large, private, fenced rear yard is ideal for outdoor entertainment, featuring a spacious deck, a pavered patio, a metal outbuilding, a play area, and a fire pit for relaxing evenings. The property also includes an expanded driveway for additional parking, an irrigation system, and a side-entry 2-car garage with beautiful epoxy floors. Enjoy community amenities, including a pool, clubhouse, tennis court, and play area, all within this sought-after community. Plus, you're a short drive from great eateries, entertainment, shopping, and major highways. Don't let this property slip away. Schedule a showing today!
You may be able to put down less than the total down payment amount of $251,793 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: #7428150