12 Mulberry Rd, Winder, GA 30680
3 beds · 2 baths · 1,854 sqft
Get a free consultation call with an expert in the mortgage assumption process.
ASSUMABLE FHA LOAN - ONLY 2.379% Interest Rate!! Monthly payment w/escrows is $1552.32, Maturity Date June 2051, Required Downpayment $119,103.43. No HOA! Spacious Ranch on Private 1.15-Acre Lot – RV Ready & Smart Home Features! Enjoy peaceful living in this charming ranch-style home situated on a generous 1.15-acre private lot. Step into a large vaulted great room featuring a cozy fireplace and built-in bookshelves—perfect for relaxing or entertaining. The home offers a separate dining room and an eat-in kitchen complete with granite countertops, white cabinets, and stainless steel appliances. The oversized owner's suite features a tray ceiling, a ceiling fan, a walk-in closet, and an en-suite bath with a separate soaking tub and shower. Secondary bedrooms are also well-sized and include ceiling fans for added comfort. Outdoor living is just as impressive, with a covered front porch for welcoming guests and a screened-in back porch ideal for relaxing evenings. The driveway has been extended, and gravel has been added beside the garage to create the perfect spot for your RV or boat, complete with a 50-amp plug for easy hookup. The backyard is fully fenced with chain link fencing, making it ideal for pets or a play area. This home also features several smart upgrades, including smart light switches, a Ring doorbell, a smart front door lock, a Wi-Fi-enabled thermostat, and a smart garage door opener. Gutter guards were added in 2021, ideally located near I-85 and conveniently close to local hospitals, grocery stores, restaurants, Chateau Elan and Fort Yargo State Park, as well as the nearby towns of Braselton, Hoschton, and Bethlehem. This property offers the perfect blend of space, privacy, and modern living without the restrictions of an HOA.
Source: FMLS #7563652
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7563652
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.