1644 Four Lakes Dr, Madison, GA 30650
4 beds · 4 baths · 3,957 sqft
Welcome to your dream home in Madison! This charming 4-bedroom, 5-bathroom residence offers nearly 4,000 square feet of comfortable living space and is ideally situated within walking distance to historic downtown, local schools, and the library. Step onto the inviting rocking chair front porch, where you can relax and take in the serene views. The spacious foyer warmly greets you and your guests. To the left, you'll find a generous formal living room with elegant pocket doors that seamlessly connect to the main living area. To the right, an oversized formal dining room awaits, perfect for hosting memorable family dinners and holiday celebrations. The main living room is the heart of the home, featuring built-in bookshelves, a cozy fireplace with gas logs, and a soaring vaulted ceiling. Two sets of French doors open to a screened-in back porch, offering a tranquil space to watch the children play in the expansive backyard or admire the deer that frequently visit this nearly 4-acre property. The well-appointed kitchen is a chef's delight, boasting a gas cooktop, double ovens, and a convenient island with a sink. Adjacent to the dining room, you'll find an oversized pantry, a secondary sink, and a wine rack. The eat-in kitchen area, with its vaulted ceiling, comfortably accommodates a table for eight. The master suite, located on the main floor, features a spacious sitting area with access to the screened porch. The master bathroom includes dual vanities, a separate tub and shower, and a massive walk-in closet that will exceed your expectations. Upstairs, the hallway overlooks the main living space, leading to three additional bedrooms, each with its own full bathroom. There's also a large bonus room that can serve as a fifth bedroom or a playroom for the kids. While this home may require some updating, it's priced accordingly and presents a wonderful opportunity to create the home of your dreams. Don't miss the chance to make this property your own!
Source: GAMLS #10361119
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10361119
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: #10361119
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.