1745 Cedarwood Rd, Milledgeville, GA 31061
4 beds · 3 baths · 3,563 sqft
This beautiful home offers everything you need, want or could ask for. Starting with the lovely hallway leading from the front door to the secluded backyard where you'll enjoy the luxury of an in-ground pool( new liner) with pergola to relax in between swims. Enjoy entertaining on the garden patio which offers a built-in pizza oven, gas grill and storage closet for your pool equipment and total privacy to enjoy quiet time or family gatherings. Added bonus is a fully functional greenhouse with heat and air as well as filtered water system to start your garden seeds early. The main home welcomes you in with a large kitchen furnished with stainless steel appliances and a large brick fireplace great for sitting in your rocking chairs relaxing after dinner. An additional fireplace adorns the living room leading to three bedrooms and two bathrooms. Plenty of storage space completes this ideal home. As an added benefit an additional second floor apartment sits above the three stall garage and can be perfect for adult children, in-law space or rental income (currently rented for 800 a month). This space is totally independent with full kitchen, dining room, bathroom, large bedroom and balcony. A new roof is scheduled for installation in the next two weeks. This is a "must see" home to fully appreciate all it has to offer. Great location, three stall garage, in-ground pool, pergola, large patio greenhouse, BRAND NEW ROOF and potential income.
Source: GAMLS #10389502
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10389502
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: #10389502
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.