194 Morse Elm Loop, Waleska, GA 30183
3 beds · 2 baths · 3,870 sqft sqft
Nestled within the serene landscape of Waleska, Georgia, awaits a captivating haven at 194 Morse Elm Loop. This charming property is situated in the esteemed Lake Arrowhead community, renowned for its picturesque views, exclusive amenities, and highly acclaimed golf course. Step inside to discover a thoughtfully designed home that seamlessly blends comfort and elegance. With 3 oversized bedrooms, 2 full bathrooms, and 2 half bathrooms, there is ample space for relaxation and entertainment. The semi-open concept features a large 2-story family room, large kitchen, breakfast nook, formal dining room, and a flex space for either an office or formal living room. The dining room and flex room both offer stunning, sweeping views! The primary suite is conveniently located on the main level of the home with a private entry to the quiet backyard, an oversized shower, double vanity, soaking tub and a large walk-in closet. The upper level features two oversized bedrooms, a full bathroom, and a loft with an amazing picture window lending gorgeous views. This home features beautiful hardwood floors throughout. Introducing an expansive basement, boasting ample space for both relaxation and expansion opportunities. This generous lower level presents a unique canvas, featuring multiple finished areas ripe for customization. With the potential to accommodate an additional bedroom, media room, and/or fitness room, this versatile space offers endless possibilities to tailor to your preferences and lifestyle needs. Whether you envision creating a cozy retreat for guests or crafting the ultimate entertainment hub, this basement provides the ideal foundation to bring your vision to life. The bathroom currently functions as a half bath and is already stubbed to transform it into a full bathroom. Additionally, there is a sizable space that is perfect for a workshop or storage room with access via both the garage and interior. Explore the potential of this sizable area to unlock the full potential of your home, creating a haven that perfectly complements your aspirations and desires. Beyond the confines of the home, embrace a lifestyle of outdoor adventure and leisure. Explore the vast expanse of Lake Arrowhead, perfect for boating, fishing, and water sports. Immerse yourself in the natural splendor of the area with scenic hiking trails and lush greenery. As a resident of the Lake Arrowhead community, you'll enjoy access to an array of luxurious amenities, including swimming pools, tennis & pickleball courts, clubhouse, and fitness center. Whether you seek a peaceful retreat or an active lifestyle, this community has something for everyone. Conveniently located just a short drive from Atlanta, this property offers the ideal blend of tranquility and convenience. Escape the hustle and bustle of the city and immerse yourself in the serene ambiance of Lake Arrowhead. Don't miss the opportunity to make this retreat your own. Schedule a private viewing of 194 Morse Elm Loop today and experience the epitome of lakeside living in Georgia's gated Lake Arrowhead community.
Source: FMLS #7354131
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7354131
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: #7354131
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.