150 Walker Dr, Athens, GA 30601
3 beds · 1 baths · 846 sqft sqft
Cottage with Endless Potential! Welcome to this quaint 3-bedroom, 1-bathroom cottage just waiting for some tender loving care. Featuring wood flooring in the cozy living room, plush carpet in the bedrooms, and practical linoleum in both the kitchen and bath, this home offers a warm and inviting atmosphere. What truly sets this property apart is its enchanting fenced backyard, boasting lush green grass, graceful shade trees, and an inviting arbor. With a little imagination and effort, you can easily transform this space into your very own Secret Garden, perfect for relaxation and outdoor enjoyment. Additionally, the property includes a convenient 12x14 foot shed, providing ample storage space for your tools, lawnmower, and more. If you're a DIY enthusiast or someone who loves putting their personal touch on a home, this charming cottage is just waiting for you to make it your own. Don't miss out on this opportunity to create your dream retreat!
Source: GAMLS #10307937
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10307937
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: #10307937