147 Babbs Mill Rd, Hampton, GA 30228
3 beds · 3 baths · 4,487 sqft
THIS AMAZING PROPERTY WITH A REWARDING ESCAPE sits on 5.23 acres and is the ideal home for all homeowners but especially Equestrian lovers and those who prefer to avoid an HOA community. This four sided brick ranch style house rests on a full finished walk-out basement and offers 4487 sq. ft. of living space. The home features 3 bedrooms with a split bedroom floor plan, large bonus rooms, 2.5 bathrooms, a much desired and thought-out open layout, a wood burning fireplace, and an exceptional 22x32 freeform in-ground swimming pool! The well positioned gourmet kitchen includes soft-close white shaker cabinets, plenty of storage space, and a breakfast bar that is leveled with the kitchen counter for a sleek finish. The home was converted to total electric for energy efficiency reasons but comes with the option to use the gas furnace features which is a plus for those who have mastered the art of cooking on a gas range. This Hampton Hidden Gem features a little bit of everything and is located within walking distance of the 204-acre Nash Farm Park, where you will find a fishing lake, black box theater, a playground, walking trails, activity barn, livestock barn, and more. The property offers a gated entrance with a two car garage and adequate space for a detached garage or outbuilding. It is surrounded by beautiful palm trees and scenic views which can be observed from all areas of the house. The full basement offers five additional rooms, a half-bathroom that can easily be upgraded to a full bathroom making it the ideal space for an in-law or teen suite. This one-of-a-kind USDA eligible home has so much to love and it's waiting for you! Schedule a tour today and make an offer before it's too late!
Source: GAMLS #10386407
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10386407
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 30-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.
How can you find assumable mortgage listings?
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?
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.
MLS ID: #10386407
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.