1910 Reese Rd, Rutledge, GA 30663
3 beds · 2 baths · 1,292 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This sweet little brick ranch is waiting for you to come home! Located on a quiet country road in Rutledge, this home sits atop a .92 acre lot and boasts a plethora of recent updates. Entering the home, a cozy living room complete with decorative fireplace is just right for a night in with friends or family. Moving to the left of the home, a separate dining room leads into the kitchen, featuring plenty of cabinets, 3 year old appliances, and a laundry area. The owner's suite is just off of the kitchen and includes a newly renovated full bathroom with adorable patterned tile and farmhouse finishes. To the right of the home, a short hallway provides access to the second and third bedrooms, as well as an additional full bathroom. Hardwood floors adorn the home throughout. An exterior entry below the home provides ease of access to the crawl space and partial unfinished basement. This area also provides additional storage space. An attached carport will keep you from getting wet on rainy days and leads to an exterior storage closet, as well as a newly constructed back deck. A fenced backyard ensures pets or children will be safe while playing. The exterior HVAC unit and Well Pump were both replaced in 2023.
Source: GAMLS #10491216
Source: GAMLS #10491216
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 and Equal Opportunity Act.