1985 Roscoe Rd, Newnan, GA 30263
4 beds · 3 baths · 3,100 sqft sqft
Discover this beautifully renovated ranch home nestled on 5 fenced acres, offering a serene escape in a coveted location, with No HOA. The refreshed interior boasts a generous master suite, a sleek kitchen with top-tier appliances, attic spray foam insulation, and several living spaces ideal for hosting gatherings. Featuring 4 bedrooms, 3 bathrooms, and 3100 square feet of living space, this home has undergone a recent transformation with contemporary updates, including a new roof with a 50-year warranty, HVAC systems, KitchenAid appliances, a 48' Z line gas range with dual ovens, fresh paint, and new LVP and carpet flooring. The expansive master bedroom comes with a sizable tiled walk-in shower sporting dual shower heads, and an immense 20x13 walk-in closet with a storm shelter beneath the island and a custom closet arrangement. The residence includes an office, two spacious living areas with fireplaces, and a large entertainment zone with a wet bar. Exterior features encompass a vast covered patio with an outdoor kitchen, a gas fire pit, a saltwater vinyl liner pool heated by gas with automated controls, 2300 square feet of travertine decking, synthetic turf details, and exquisite landscaping. A detached 1200 square foot, 3-bay garage features a foam-insulated 40x18 unfinished space above, ideal for a workshop, studio apartment, or storage. The grounds are adorned with over an acre of sod, complete with irrigation, landscaping, low-voltage lighting, a beach volleyball court, dog kennels, and a 30x35' barn, ready for conversion to horse stalls if desired. The newly constructed driveway is laid with concrete pavers, offering extensive parking, and is built to last without the need for replacement. Seize the opportunity to own this exceptional property! Conveniently located: -Less than 10 minutes from I-85, Ashley Park, and downtown Newnan -30 minutes from Trilith and the Atlanta Airport -45 minutes from downtown Atlanta ** Seller agents, please refrain from inquiring.
Source: GAMLS #10321571
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10321571
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: #10321571
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.