215 Bradley St, Covington, GA 30016
4 beds · 3 baths · 2,658 sqft
PRICE REDUCED FOR QUICK SALE***** BEAUTIFUL 4-BEDROOM HOME IN COVINGTON'S WELL-ESTABLISHED BENEDICT PLACE SUBDIVISION KNOWN FOR ITS SPACIOUS HOUSES & LARGE LOTS! Nestled in a serene cul-de-sac, is this well maintained 4 bedroom, 2.5-bathroom home with an open-concept layout offering 2,658 square feet of luxurious living space. Enter the front door into a grand two-story foyer with high ceilings creating a spacious and elegant first impression. Turn right into the large separate living room which flows seamlessly into the formal dining room offering a bright open space with neutral tones and plenty of light. The open floor plan continues connecting a gourmet kitchen featuring a quaint dining area, sizable island, granite countertops, mosaic glass backsplash, gas stove, stainless steel appliances, and beautiful wood cabinetry. The kitchen flows into a cozy yet spacious family room adorned with an architecturally trimmed accent wall and a cozy fireplace. The entire first floor is perfect for gathering and entertaining. The staircase from the foyer leads to the upper level where you'll find an open expansive master suite which is a true spa retreat complete with an oversized bedroom featuring tray and vaulted ceilings, and sitting area, along with a sizable bathroom showcasing a garden tub, separate shower and toilet room, and double vanity granite sinks. The three additional bedrooms are well sized with ample walk-in closet space and natural light. The second bathroom also showcases double vanity granite countertops with sophisticated white glass above counter sinks, and a separate room for bathtub, shower and toilet. Further highlights include laundry room upstairs, custom wood blinds, freshly painted interiors, and outdoor amenities such as a fully fenced private backyard with two decks, a cozy inviting custom wood burning fire pit, a built-in 8-burner gas grill, and ample space for landscaping and outdoor activities. Additional features include a new roof with a transferable warranty, and a home warranty. SELLER CONTRIBUTIONS: Reasonable contribution to buyer(s) closing cost. LIVE WELL! RELAX! ENTERTAIN! CREATE LASTING MEMORIES! This gem awaits your personal touch!
Source: FMLS #7526177
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: FMLS #7526177
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.
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 “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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.