165 STANDING OAK PL, Fayetteville, GA 30214
Step into Style and Elegance in this All Brick 8 Bdrms 5.5 Bths 3 Story Home on a Full Basement and 3 Car Garage in the Sought after Country Lake Community! I must also mention that this home has 4 Fireplaces! Stepping into the Entrance leads into the 2 Story Stone Tiled Foyer! Continuing into this Home with Hardwood Flooring, You are Greeted with a Beautiful Separate Livingroom area and Separate Dining Room with Columns which is large enough to seat a Large Party of Guests, not ignoring the High Manicured Ceilings! As You continue into this Beauty, You cannot escape the Luxury and Comfort of the Family Room with 10" ceilings! Walking around into the Kitchen area, there are Marble Countertops including the Breakfast Bar, Marble Top Island, Full Wall Unit Oven, and a Separate Eat In Kitchen area as well; Yes, and the Master is located on the Main Level with its own Fireplace and a separate Sitting Area with High Manicured Ceilings; The Ensuite Bathroom with a Soaking Tub, Separate Shower also Has Separate His and Her Sinks; The Upper Level of this Home includes 4 Large size Bdrms which includes a Jack and Jill Bthrm each! As you begin to walk into the Ultimate Entertainment Zone in the Basement, There is so much space to host a multitude of Guests! Oh, but the Bar is the Eye Catcher in this Party Zone! There is also a Nice sized Party Area, perfect for the Pool Table and Dancing! Located on this lower level are 4 Bdrms in which one has a Fireplace and 2 Full Bthrms! As You exit the home on the Main Level there is a Screened in Porch ready for grilling your favorite meal! In Addition to such a Beautiful Home, this Community boasts a Friendly, Quiet Community, a Clubhouse, pool, and tennis courts. As You See, there are endless amenities in this Home and Community! Come out and see it for Yourself and Make it Your Forever Home Today! Dining Room Furniture and Pool Table are negotiable with a Full Price Offer!
You may be able to put down less than the total down payment amount of $262,617 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: #10358168