2089 Highway 85 S, Fayetteville, GA 30215
6 beds · 4 baths · 4,440 sqft sqft
Exquisite owner occupied 6 bedroom 4.5 bath Executive home with full unfinished daylight basement on 5.69 acres in Starrs Mill School district close to Trilith movie studio, shopping, restaurants and Peachtree City. Enter the long drive, have your guests park on the turnaround at the front of your home, leaving you ample parking in your 3 car kitchen level entry garage and large parking pad for your RV. The spacious private lot gives you plenty of room to put in your pool and pickleball court. The home makes a statement as you enter into a two story foyer with views of the elegant spiral staircase, perfect for family photos. Off to your right is the formal dining, to the left is a formal sitting area or office. The kitchen features an abundance of cabinet space, a large island with cooktop, walk in pantry, a breakfast bar and a breakfast area for informal family meals. Off the kitchen is a hallway that leads to a separate wing with a guest suite, laundry room, basement and garage access. The great room makes the home perfect for large gatherings and entertaining with a fireplace, built in cabinets, two large doors that open for indoor/outdoor living with the covered outdoor patio. The main floor Primary Suite gives prominence to a large sitting area with fireplace, a primary bath with dual vanities, spa tub, separate shower, and two walk in closets. Across from the Primary suite is a third guest bedroom with access to a powder room that could also be used as a nursery. Second level living features a 4th bedroom with private bath, a 5th bedroom with bath that can be shared with the 6th bedroom through hallway entrance. The second level hallway has a pedway with outside balcony access. There is a great opportunity for multi generational living with the option to finish the 3278 sq ft unfinished daylight basement has stud walls and electrical in place for easy finishing with 10-12 ft ceilings. There is new paint throughout the main living areas, three of the bathrooms are refinished with new tile showers, new light fixtures throughout main areas, new tile floors on main level.
Source: GAMLS #10316457
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10316457
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: #10316457
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.