117 Banyon Ct, Waleska, GA 30183
4 beds · 3 baths · 2,533 sqft
Come experience the ultimate lake lifestyle in this charming four-bedroom, three-bathroom split-level home perched atop a hillside on a private wooded lot overlooking the golf course. Situated near the South Gate and Marina, this home offers easy access to the water, where boat rentals are available for endless days of boating fun and water activities. The Marina also features a boat ramp and kayak launch. Lake Arrowhead offers 540 acres of crystal clear water for your enjoyment. As most of the lake is "No Wake" zone, it is ideal for kayaking and paddleboarding. Want more? Enjoy skiing and tubing in the designated area. As you enter, you're greeted by the spacious living area with vaulted ceilings and abundant natural light, creating a light and airy atmosphere. The delightful dining area features a white painted bead board ceiling that adds a touch of sophistication and charm to your dining experience. The kitchen evokes a French Country Feeling with it's crisp white cabinetry and breakfast room overlooking a lush wooded backyard teeming with wildlife. The spacious master suite offers privacy and separate his and her closets providing ample space for all your wardrobe needs. The master en suite is designed for comfort and additional functionality with his and her vanities and separate tub and shower. Two guests rooms on the main provide a welcoming retreat for family and guests after a day of fun on the lake. The finished terrace level adds versatility to the home, featuring a full bath, a media room, and a fourth bedroom that can easily be converted into a fabulous game room, offering endless possibilities for recreation and enjoyment. Step outside to the lush, wooded backyard for ultimate privacy and tranquility, creating a peaceful oasis for outdoor living and relaxation. Don't miss this opportunity to embrace the lake lifestyle in this exceptional lake community. Schedule a showing today and discover the beauty and outdoor adventure that this property has to offer. Gated lake and golf community. 24hr security.
Source: GAMLS #10317583
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10317583
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: #10317583
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