168 Jersey Rd, Oxford, GA 30054
4 beds · 4 baths · 3,196 sqft
Get a free consultation call with an expert in the mortgage assumption process.
The quintessential Georgian manor of your dreams perfectly nestled on a quiet country road has hit the market. The wow factor doesn't just stay outside, it is evident throughout the home. As you enter the home, your eyes will be immediately drawn up by soaring ceilings, bright, two story foyer and blonde solid hardwood floors. Several upgrades have been made. Kitchen remodel includes warm tone granite countertops and all stainless steel smart appliances. For the entertainer at heart, the home's floor plan will not leave anything to desire. Starting with the kitchen that offers a breakfast area big enough to accommodate a six person table. Should you have a more lively gathering, you and your guests will have enough room to mingle between the living room, an 8+ formal dining room AND a formal living room, and 1/2 bath. The owner's ensuite is on the main, offering a spacious bedroom and walk-in closet. The Owner's bathroom has been recently renovated with a generous two head shower and beautiful tile surrounding the soaking tub. If you have a growing family the second floor offers three additional bedrooms and a Jack and Jill bathroom. Do you tend to have long term guests or a teenager wanting privacy, one of the bedrooms has it's own full bathroom. If any of the younger family members want to host, the loft area will be the perfect place and area to keep them entertained and contained. Are you looking for a home with plenty storage? Then this home will impress you, with a true attached two car garage and an ADDITIONAL detached two car garage, three attics, one big enough to convert into additional living space. Moving on to the exterior grounds, let your green thumb go wild and plant to your heart's desire. With 1.42 acres of unrestricted land the possibilities are endless. The home's location is perfect those wanting to get away from the hustle and bustle of the crowded city life and yet it is a mere twenty minutes to great shopping areas. Take advantage of the proximity and potential opportunities of an ever growing area to the movie/studio industry that is no more than one hour away. Major highways such as I20 are just 20 minutes away and Harsfield-Jackson Airport is close to an hour too.
Source: FMLS #7551190
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7551190
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.