1584 HAMPTON LOCUST GROVE RD, Locust Grove, GA 30248
Ranch-style home, perfectly situated on a sprawling 1.25-acre lot with no HOA restrictions. This stunning property offers a harmonious blend of modern updates and classic charm, providing an exceptional living experience. Step inside to discover a beautifully updated interior featuring new flooring and contemporary light fixtures throughout. The spacious and inviting living area flows seamlessly into the heart of the home- the kitchen. Here, you'll find stainless steel appliances, freshly painted cabinets, and a huge eat-in dining area that overlooks the serene backyard. This kitchen is delightful and an ideal space for family meals and entertaining guests. The home boasts three generously sized bedrooms and two updated bathrooms. The oversized primary bedroom is a true sanctuary, complete with vaulted ceilings that add a touch of elegance and spaciousness. The secondary bedrooms are equally impressive, offering ample space and comfort for family members or guests. One of the highlights of this property is the enclosed garage, expertly converted into a versatile bonus room. This space includes a dedicated office area and a fourth bedroom, providing flexibility for a home gym, playroom, or media center. The possibilities are endless with this adaptable bonus space. Enjoy the beauty of outdoor living on the screened-in porch, a perfect spot for morning coffee or evening relaxation while taking in the peaceful surroundings. The level yard offers plenty of room for gardening, outdoor activities, chickens, or even the addition of a pool or workshop. This home is a rare find, combining modern amenities with the tranquility of expansive land. Don't miss the opportunity to make this exceptional property your own. Schedule a showing today and experience the perfect blend of comfort, style, and space!
You may be able to put down less than the total down payment amount of $42,709 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: #10322982