1152 Werre Way, Locust Grove, GA 30248
4 beds · 3 baths · 3,326 sqft
This stunning two-story single-family residence nestled in a well-established neighborhood exudes an inviting and sophisticated ambiance. The exterior boasts a harmonious blend of brick and siding, complemented by a well-maintained lawn and lush landscaping. As you step through the entryway, you are greeted by a warm and welcoming foyer that seamlessly transitions into the expansive living room, where natural light floods the space through large windows, creating a bright and airy atmosphere.The kitchen is a culinary enthusiast\'s dream, featuring ample counter space, sleek cabinetry, and stainless steel appliances that provide ample storage and meal preparation capabilities. The adjoining dining area offers a designated space for gourmet meals and lively gatherings, with access to a private backyard oasis. Upstairs, the primary bedroom suite is a true sanctuary, offering a peaceful retreat with a luxurious en-suite bathroom and generous walk-in closet. Two additional well-proportioned bedrooms and a versatile loft space provide ample room for family, guests, or a home office. The home is equipped with a full-size laundry room for added convenience.Throughout the residence, meticulous attention to detail is evident in the carefully curated finishes, such as the hardwood flooring, crown molding, and recessed lighting, all of which contribute to the overall sophistication and timeless appeal of this exceptional property. With its thoughtful design, abundant natural light, and convenient location, this home is the perfect blend of comfort, functionality, and style, making it an ideal choice for discerning buyers seeking a truly remarkable living experience.
Source: FMLS #7537149
Financials
Source: FMLS #7537149
Source: Public records
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%. 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.
Other resourcesWhat 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.