181 Southwind Cir, Newnan, GA 30265
3 beds · 2 baths · 1,920 sqft
Wow is what you will say when you see this property in person. You are instantly met with a nice wide foyer with custom lighting that flows throughout the entire home. They spared no expense when it came to the upgraded light fixtures. The island light that you see above the kitchen island was added as there was originally no light there. Ceiling fans and lights were added throughout the home and a common theme was followed. There is beautiful LVP that flows throughout the entire first level. The kitchen features granite countertops and upgraded stainless steel appliances. There is an open theme that is perfect for gatherings and allow great conversation whether you are in the kitchen, living room, or dining area. Out back you will find the oversized patio that is excellent for large patio furniture and grilling. Outside you will also notice the added dusk to dawn flood lights that were added so there is adequate light around the entire home. Upstairs there are three large rooms which includes the oversized master bedroom that holds a king bed, dresser-mirror, chest drawer, two nightstands, and room to still walk around. The master bathroom has a nice sized stand-up shower and a window that was specifically added by the sellers for some good light and airflow. The master closet is huge and has been equipped with top and bottom racks that allows for double the amount of clothing storage. The staircase and hallway feature new flooring and a brand-new banister that flows beautifully with the rest of the home. They also added a nice, oversized utility sink in the garage that allows you to clean messes in the garage. This home will not last long and is priced to sell. Come out and make this your piece of paradise!
Source: GAMLS #10399658
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10399658
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: #10399658
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.