162 Us Highway 280, Claxton, GA 30417
4 beds · 2 baths · 3,774 sqft
Discover the perfect blend of style and functionality in this updated 5-bedroom home with 5 baths and over 3,000 square feet on a 1-acre lot. This property is ideal for a blended or extended family seeking space/comfort. The heart of the home is the chef-inspired kitchen, featuring quartz countertops, floor-to-ceiling cabinets and pantry. The primary suite on the first floor has a walk-in tiled shower, a soaking tub, double vanity, and modern tech touches. Upstairs you'll find 3 guest bedrooms. A bonus room over the garage offers flexibility with its split-unit system and half bath. Outside you'll find a private oasis, with an in-ground pool and a covered patio wired for outdoor entertainment. An 800-square-foot pool house adds incredible value, perfect for an in-law suite or guest house to include stainless steel appliances, a walk-in shower, and laundry facility. Tech-savvy upgrades include Wi-Fi-enabled Ecobee thermostats and Bluetooth-controlled lighting throughout.
Source: GAMLS #10399300
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10399300
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.
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: #10399300
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.