Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
1 of 59
$457,944

127 Mead Ct, Hoschton, GA 30548

4 beds · 4 baths · 2,486 sqft

ASH C OWNERS SUITE ON MAIN LOT 47 - PRICE JUST REDUCED!! Target completion January 2025. ***CALL TODAY FOR EXCITING NEW DEALS*** Our community offers unmatched value with the lowest HOA fees in the area, the best price per square foot, and some of the largest homesites available. Plus, we provide the flexibility of 3rd car garages that can fit on nearly every homesite, giving you more space and convenience without sacrificing affordability. Inside The Ash’s handsome exterior lies a coveted, open floor plan. The Main level welcomes guests with a Separate Dining Room which could be used as a Home Office, a stunning Family Room with Electric 40" Fireplace and an open kitchen and Breakfast Room overlooking Family room with Summit Elegant White 42” wall cabinets, soft close doors/drawers with large island, SS gourmet appliances that includes stunning vent hood that vents to exterior, gas 5 burner cooktop, dishwasher and built in oven and microwave with LEVEL 3 Sensa Siberia Quartz countertops. The main level flooring is Luxury Vinyl Plank Spalted Oak (Carpet in Owners Bedroom). The Owners Suite on Main highlights a Spa-like Owners Bath with standing tiled shower with brushed nickel frameless shower door and a spacious walk-in closet. The rear of this home has a Covered Patio and a large backyard big enough for soccer practice or put in your own pool to create your own private oasis. On the second floor, the plan offers 3 additional bedrooms with BR 4 boasting private bath and a generous LOFT – perfect for game or movie nights. **Attached photos may include upgrades and non-standard features and are for illustrations purposes only. They may not be an exact representation of the home. Actual home will vary due to designer selections, option upgrades and site plan layouts. Welcome to WEHUNT MEADOWS by Davidson Homes - a beautiful 67 1/3 ACRE homesite community offering a relaxed and peaceful lifestyle located in the foothills of the North GA Mountains just minutes to major highways, recreation and services. Hoschton GA is one of the fastest growing ATL bedroom communities because of it's convenient location, the calm and unhurried lifestyle and the many outdoor recreational activities available - parks, festivals, winery tours at famed Chateau Elan, golfing, hiking, river rafting and mountain road trips to Helen and Brasstown Bald. WEHUNT MEADOWS offers large homesites where you can create your own private sanctuary while being close to everything. You may select from 4 thoughtfully crafted floorplans to meet the individual needs of your family. From our 3 bedroom ranch plan to our largest 2 story with up to 5 bedrooms. At WEHUNT MEADOWS you have it all! Schedule a tour to view 127 Grand Meadows Drive in Hoschton, GA today. Open Sunday | Wednesday 1pm - 6pm and Thursday, Friday, Saturday 10 am - 6 pm

Estimated
Seller's interest rate
2.8%
7%
Estimated
Principal & interest
$1,184/mo.
$1,845
You may also save up to $212,100 in total interest paid.
Listing price
$457,944

Your cash down payment
$190,455
Seller’s estimated current equity is $190,455
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $1,184 monthly payment

Financed
$267,488
Assumed mortgage 2.8% • Seller's rate
$267,488
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Lot size
0.339 acres
Year built
2024
Type
Single Family Residence

Source: FMLS #7498185

Loan
Remaining term
26 years, 9 months
Rate
2.8%
Monthly P&I
$1,184
Remaining loan balance
$267,488

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Dec 30, 2024 12:10 pm
Listing agent: Alecia Thomas
Listing provided courtesy of: Davidson Realty GA, LLC (678) 890-2995
Details provided by FMLS and may not match the public record.
MLS ID: #7498185
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please visit https://www.fmls.com/dmca.htm to review our DMCA policy and learn how to submit a takedown request. © 2024 FMLS.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,184/mo
View details