140 High Pointe Dr, Rincon, GA 31326
3 beds · 2 baths · 1,127 sqft sqft
Beautiful, well maintained, 3 bed 2 bath home sitting on 0.99 acres in a great neighborhood with no HOA. This ranch style home is move-in ready with freshly painted walls and trim and boasts a 2-car garage. All kitchen appliances were updated in 2020 along with both bathrooms with new vanities and tile flooring. HVAC system was replaced with new inside and outside unit spring of 2021 along with new LVT flooring and tile backsplash in the kitchen. Sale includes all appliances, along with washer and dryer. Garage has commercial shelving and large workbench. Patio door was replaced with double French doors, opening up to a large fenced in back yard with a 5 year old above ground pool. Sand filter and pump were replaced in 2021. Spacious backyard. With solar panels on the roof to help reduce soaring energy costs and a water purification system installed to deliver sparkling clean water throughout the residence this home offers an extremely cozy living environment to a new home buyer.
Source: GAMLS #10384952
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10384952
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.
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: #10384952
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.