1687 BLUE HERON WAY, Hampton, GA 30228
This beautiful home resides in a $7,000.00 First Time Homebuyer Grant Eligible Area. The grant does not have to be repaid. There is also 100% Financing available! No Down Payment Required! Both the grant program and the 100% financing program are available through our approved lender. This home is full of upgrades: the garage door can be raised and a retractable screen, which has a door, can be lowered to allow fresh air to come into the area when the weather is nice, the interior door leading to the garage area also has a retractable screen so the airflow can continue from within the garage into the home; a heated and cooled 12 X 15 sunroom was built which increased the square footage from 1,855 to 2,035, the seller has all documentation to confirm that the additional square footage has been approved by the city of Hampton; an 8 X 8 Storage Unit was installed which allows items to be stored outside the home, upscaled backyard, Vivint Security System, the glass in the front door is unbreakable to prevent theft, contemporary lighting fixtures were installed; stainless steel Samsung Kitchen Appliances were purchased, the range has a double oven which can be used an air fryer, upgraded shower heads were added, etc. You definitely want to see this home! This is the perfect home for entertaining as well as for those who do not want to have stairs in their home! It has four bedrooms, two full bathrooms, laundry room, kitchen, living room/dining room combo with French doors that opens up into a heated and cooled sunroom which was added for additional entertainment space. The backyard is delightful with patio furniture throughout which makes this perfect for outside entertaining, grilling, as well as just enjoying mother nature. This is paradise for those who love having people over their home. If you are looking for a great home, in a quiet subdivision with access to shopping, then this is the home for you! Please schedule a showing with the Listing Agent at 678-598-1906!
You may be able to put down less than the total down payment amount of $164,386 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: #10346454