20 Marla St, Hoboken, GA 31542
4 beds · 3 baths · 2,632 sqft sqft
Welcome to Your New Home in Hoboken, GA. Nestled on 1.63 acres of serene countryside, this unique property offers the perfect blend of tranquility and convenience. Located just a short 15-minute drive to Waycross and about 45 minutes to Brunswick, St. Simons, and Jekyll Island, you'll enjoy the peace of small-town living with easy access to larger towns and coastal attractions. The main house is a charming ranch-style brick home, featuring 1,972 sq ft of living space with 3 bedrooms and 2 bathrooms. Recent improvements include new paint, flooring, and trim, making it move-in ready. The spacious layout and modern updates provide a comfortable and inviting atmosphere for its new owners. The property also includes a newly built (2021) guest cottage (662 SqFt), showcasing stylish Hardie board plank siding in a coastal-inspired dusty blue color. This cottage features a cozy screened porch and a convenient storage room. Inside, you'll find a 1-bedroom, 1-bathroom setup with a living space and kitchen. Modern frosted glass barn doors add a touch of elegance, separating the living area from the bathroom and bedroom. With endless possibilities, this property is ideal for multigenerational living or as an investment opportunity. Whether you're looking to accommodate family members or generate rental income, this property offers versatility and potential. Embrace the best of country living with modern comforts. Schedule a viewing and explore the endless possibilities this Hoboken gem has to offer!
Source: GAMLS #10352975
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10352975
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: #10352975
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.