208 Lakeside Dr, Woodstock, GA 30188
2 beds · 2 baths · 1,750 sqft
Lakeview Cottage Retreat on Wooded Lot Overlooking a Flowing Creek. Welcome to your dream getaway! This enchanting cottage, nestled on a picturesque wooded lot, offers a perfect blend of rustic charm and modern updates. As you approach, you'll be greeted by a delightful covered front porch, ideal for sipping your morning coffee or unwinding with a good book. Step inside to discover beautifully updated interiors that maintain the cottage's original character. The cozy living area features a wood buring fireplace and large windows that invite natural light and could be easily converted to a formal dining area for large friend and family gatherings. The fully renovated kitchen boasts modern appliances, sleek countertops, and ample storage, making it a chef's delight. The kitchen is open the the family room where guests will enjoy relaxing while visiting you at the lake. Step outside to discover a fantastic patio overlooking a lush wooded back lot with views of the creek which gracefully runs at the back of the property. Retreat to the expanded primary suite with spacious window framing views of the beautiful trees out back.The updated bathroom offers a spa-like ambiance with contemporary fixtures and finishes including a double vanity and custom tile shower. This home also offers a second guest bedroom on the main level providing comfort and convenience for overnight lake guests.Ascend the circular staircase to find an expansive 3rd loft bedroom that currently serves as a dedicated home office and additional living space. This versatile area is perfect for productivity or relaxation as it opens to a Private balcony with lake and mountian views! Whether you are seeking a full-time residence or a weekend retreat this property delivers a lifestyle of comfort and a connection to nature. Don't miss the opportunity to make this place your own. All New Interior Paint. Call to schedule your private showing today. Gated lake and golf community. 24 hour security. Perfect for the "Lock-n-Go" lifestyle. No STR. Fabulous amenities. 1 hour North of Atlanta.
Source: FMLS #7473817
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: FMLS #7473817
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.