163 Reece Dr, Hoschton, GA 30548
5 beds · 4 baths · 4,854 sqft
Visit and fall in love with this spacious home full of character with a Primary on Main, side entry garage with lots of storage, circle driveway and a basement in one of Jackson County's most sought after neighborhoods! The mature , manicured landscape with irrigation will make you the envy of the neighborhood. This 5 bedroom , 4 and a half bath stunner with kitchen open to family room, breakfast room and dining room flows like a dream. Roof 3 Years NEW, NEW HVAC, NEW Water Heater, Septic Recently Serviced! Plenty of space to spread out and entertain, including a private back deck and front porch that will keep everyone coming back for the peace and quiet! After dinner, enjoy a pickup game in the front AND/OR back yard, so much space you could have multiple games going at once! Sitting majestically on .80 acres gives you plenty of room to stretch your legs, enjoy a bonfire, read a book...you name it! If soccer is your game, the neighborhood has those fields too! Did I mention that your Large Primary Suite is on the main level complete with a soaking tub and double vanities!! Bring your family and visitors because upstairs, you will find 4 large secondary bedrooms and 2 more full bathrooms. Come and explore this full, finished basement...including a full bathroom, Second washer & dryer connection, a kitchen, media room and tons of storage! The family focused schools bring people to the area but so does being so close to downtown Hoschton and Braselton. Plenty of great food , shopping and entertainment to explore on foot!
Source: GAMLS #10388892
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10388892
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: #10388892
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.