1142 New Point Peter Rd, Saint Marys, GA 31558
4 beds · 3 baths · 3,232 sqft
If you are looking for an absolute oasis to call yours, come check out this dreamy 4 bedroom, 3 bathroom home on DEEP water in St. Marys, GA. This home has been completely renovated from top to bottom and inside and out. As soon as you walk in, you are greeted by tall vaulted ceilings with cedar beams in the oversized living room with a stunning 12' stone fireplace. The living space opens to the vaulted dining area that can seat 6 or 16. Interested in a wet bar? It has that, too! Looking for a hideaway? Slide the library ladder over and climb to the open loft. Walking into the kitchen, you find tongue and groove ceilings, craftsman molding, a large island, brand new cabinets, and brand new stainless steel appliances. Enjoy an incredible view while doing the dishes, preparing food, or while eating at the casual island. As you continue to walk to the back of the home, you find the sunroom of your dreams. It offers cedar tongue and groove walls and vaulted ceilings with oversized windows to enjoy the outdoors in. This home has a split floor plan with the primary bedroom featuring vaulted ceilings and a beautiful primary bathroom to include an oversized shower with two shower heads, a claw foot tub, and lovely lighting to make relaxation easy. This home features all new flooring, paint, lighting, quartz and quartzite countertops, a large mudroom/laundry room, and so much more. Step out back and the oasis continues. It is draped with old mossy oaks that canopy the property and 137 feet of river frontage on the North River. Located across from the Meeting St public boat ramp, this home is an extremely quick boat ride to Cumberland Island, Fernandina, and offshore fishing.. Come watch the dolphins and manatees swim by while watching a stunning sunset. Do not miss your opportunity to own a slice of heaven in St. Marys GA.
Source: GAMLS #10460518
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: GAMLS #10460518
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.