1502 Cayla Way, Statesboro, GA 30458
3 beds · 2 baths · 2,267 sqft
Welcome home to 1502 Cayla Way! This all-brick beauty features 2,267 square feet, 3 bedrooms, 2 full bathrooms and large bonus room over the 2 car garage. It is situated on a .59 acre cul-de-sac lot backing up to the Georgia Southern Golf Course on a quaint little street. This home is equipped with LVP in dining, sitting, living and hallways with tile in the bathrooms and laundry. It has granite countertops in the kitchen and laundry room. Walking in, you are greeted by an open concept foyer, formal dining and sitting room. Passing through the formal living space, you enter the kitchen and den that also hosts a breakfast nook, bar area and gas fireplace. The master suite features a large bathroom with an oversized tile shower, large soaking tub and walk-in closet. The large bonus room is perfect for an office space, work out area or playroom! Stepping outside, you have access to even more entertaining or enjoying space including a hot tub, covered porch with ceiling fan and large gazebo with a gas fire pit! Other amenities included are privacy and chain link fences, 10x12 storage shed and 4 zone sprinkler system. This house truly has it all! Don't sleep on the opportunity to own this well maintained home in a highly desirable area.. Schedule your showing today!
Source: GAMLS #10360270
Source: GAMLS #10360270
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.
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: #10360270
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.