201 Granite Way, Newnan, GA 30265
3 beds · 2 baths · 1,582 sqft
Beautiful townhome in a desired location of Newnan. This 3 bedroom 2.5 townhome features primary bedroom on the main level and large kitchen in a very convenient location of Newnan. Immediately you will fall in love with this end unit in Stonebridge Subdivision. The assigned 2 parking spaces make it convenient to park and walk inside your townhome. Inside you will find foyer entrance with coat closet, large great room with vaulted ceilings and large dining room. The dinning room and great room offer a great open floor plan ideal for entertaining, gathering and more seating. The end unit offers lots of windows for lighting and visibility. The kitchen offers several cabinets, built-in microwave, stainless steel appliances, pantry, eat-in breakfast area and laundry closet. With several windows in the kitchen area the natural light continues throughout the townhome. One the main floor you will also find a powder room and primary bedroom. This large bedroom features trey ceiling, windows looking out the back and private bathroom. The tile bathroom has double vanities, separate shower and soaking tub with a large walk-in closet. Upstairs you will find 2 large bedrooms that share a bathroom in the middle of the hall. The perfect set up for guest, an extra room, office and so much more. Outside you have a private concrete patio that overlooks the rear of the building and has a lot of trees. Walk around this amazing community, utilize the amenities of a pool, clubhouse and sidewalks plus a great park. Close to Newnan shopping, I-85, Peachtree City, schools and the Newnan Hospital. Show this adorable townhome today.
Source: GAMLS #10388226
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10388226
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: #10388226
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