1100 Dials Plantation Dr, Statham, GA 30666
5 beds · 3 baths · 4,265 sqft
*** SELLER IS OFFERING $10,000 IN FLEX CASH TO BE USED HOWEVER YOU CHOOSE: INTEREST RATE BUY DOWN, PURCHASE PRICE, COSMETIC UPDATES, ETC. *** - FOR YOUTUBE VIDEO TOUR TYPE IN: Stunning 4-Sided Brick Home in Statham, GA | With a Basement! - Welcome to this exceptional 4-sided brick home nestled on a serene 1.24-acre lot. Offering a perfect blend of comfort, space, and functionality, this home is designed to meet all your lifestyle needs. Step inside to discover a bright and inviting interior with abundant natural light, high ceilings, and a thoughtfully designed floor plan. The large kitchen is a chef’s dream, featuring a generous island, gas cooktop, and plenty of counter and cabinet space. A double-sided fireplace connects the kitchen to the cozy living room, which opens onto a covered back porch — perfect for relaxing or entertaining. The main-level master suite offers ultimate convenience, while upstairs you'll find additional bedrooms, including one with its own private full bath. Your next home also has two versatile rooms without closets that can serve as home offices, hobby spaces, or guest rooms. The laundry room is equipped with a handy sink for added functionality. The partially finished basement offers endless potential, already stubbed for a bathroom and featuring ample storage, a space for an office, and a potential theater room. Outside, the expansive backyard provides plenty of room for recreation, gardening, or simply enjoying the peaceful surroundings. Don’t miss the opportunity to own this incredible home that combines timeless brick construction with thoughtful details and endless possibilities. Schedule your private showing today!
Source: FMLS #7544933
Financials
Source: Public records
Source: FMLS #7544933
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.