119 DOVER RD NE, Resaca, GA 30735
Experience the epitome of country living with this exceptional horse farm spanning 11.81 acres of picturesque landscape. The expansive covered front porch welcomes you. Enter into this light and bright abode, boasting exposed beams and rustic wood ceilings in the main living areas. This home exudes warmth and character throughout. The expansive family room and separate den feature a natural burning fireplace, perfect for cozy evenings with loved ones. The downstairs primary suite offers convenience and privacy, featuring a ground-level layout with no stairs to navigate. Indulge in luxury with the primary bathroom showcasing a rock wall shower with a bench seat and separate soaking tub. Plus, enjoy peace of mind with a new roof installed in September 2022. Step outside to discover a fenced in-ground pool with a diving board, providing endless opportunities for outdoor recreation and relaxation. The property offers two unique pasture areas, each fenced, along with a pond ideal for fishing. A huge 8-stall barn awaits, complete with a tack room, storage areas, a spacious workshop, and a 1-bedroom, 1-bathroom apartment. Equine enthusiasts will appreciate the pastures and dirt bike track, perfect for riding and racing adventures. Additional amenities include a gate at the entrance of the driveway offering peace of mind, and a large attached garage with a storage room, offering ample space for vehicles and equipment. Conveniently located near Highway 75, Carters Lake, and Paradise Drag Strip, this property provides easy access to a variety of recreational and entertainment options. Enjoy proximity to motocross trails, restaurants, shopping outlets, a gas station, and Gordon Advent Health Hospital. Nestled on a dead-end road with minimal traffic, this property offers a peaceful and private retreat with wonderful neighbors. Don't miss your chance to own this incredible countryside paradise! Schedule your private tour today!
You may be able to put down less than the total down payment amount of $325,675 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: #10335162
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.