203 Cold Creek Loop, Port Wentworth, GA 31407
3 beds · 2 baths · 1,257 sqft
Welcome to Rice Hope at Waterside in Coveted Port Wentworth location! Rice Hope is an established highly sought-after community with Resort Style Amenities that cannot be matched!! HIGHLY EFFICIENT 3 Bedroom, 2 Full Bath Plan is your Answer to Home Ownership! Entry Foyer opens to Kitchen with Stainless-Steel Appliances. Open to Spacious Living Room and Covered Back Patio. Primary Bedroom is Privately Located at the Back of the Home and Enjoys a Private Bath with Walk-in Shower and HUGE Walk-in Closet! Two Centrally Located Equally Sized Bedrooms are Serviced by Full Hall Bathroom. Covered Front Porch and 2 Car Garage Complete this Single-story Plan. Smart Home Technology & 2" Faux Wood Blinds Included! Pictures, photographs, colors, features, and sizes are for illustration purposes only & will vary from the homes as built. Home is under construction. ***Ask how to receive up to $10,000 towards closing cost & below market interest rate w/ use of preferred lender & attorney!***
Source: GAMLS #10319100
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10319100
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: #10319100
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.