133 OAK DR, Gray, GA 31032
Graceful in Gray! Set on nearly half an acre, you'll want to grab your wine or coffee and relax on the front porch or in the hot tub overlooking peaceful Bonner Creek after a productive day of tinkering in the wired workshop. Head inside this amazing 4-bed, 3.5 bath craftsman-style home featuring a 2-story foyer, gorgeous bamboo flooring, and black granite countertop kitchen and island with stainless steel appliances, breakfast island bar, pantry, and vent hood. Throw open the french doors leading onto the deck and enjoy the view to the open-concept living area with fireplace. Entertaining can spill over into the formal dining room, 2-car garage, or huge finished walk-out basement with full bath and ample space for everyone. Retreat to a wide landing and split floorplan on the second level with beautiful primary en suite featuring a walk-in closet, double vanity, jetted tub and updated walk-in tile and glass shower on one end of the hall and 3 restful rooms on the other. These are the updates you want in the coveted and beautifully maintained Stone Brooke subdivision where just $350/year gets you a private pool, playground, picnic pavilion, and basketball courts within walking distance. All of this and more is located just minutes from shops and dining with an easy commute to Macon or Milledgeville. Occupied, but easy to show! Make your appointment to see this beauty and move in just in time for game day and the holidays! Be sure to check out the uploaded video and click here for a virtual 3D tour: https://my.matterport.com/show/?m=zPFuWPtBTsv
You may be able to put down less than the total down payment amount of $176,069 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: #10366267