2184 Broad St, Tallapoosa, GA 30176
4 beds · 3 baths · 3,360 sqft
You will love all the wonderful things this Tallapoosa property offers! The 3000 sq. ft. stick built home has large rooms, crown molding, and newer updates. Home has two bedroom, two baths on main level and two bedrooms one bath in finished basement. Home is perfect for family living. LVP flooring makes life's messes easier to clean. The sunroom off the master bedroom is the perfect spot for your personal oasis. The 5.78 pastured acres has some good fencing, new gates, a spring fed branch and a small barn. The 1880's original log cabin is still on the property, and although it needs work, it is amazing, and a handy person could make it special again. Home has been connected to county water but the drilled well remains, and there is an old hand dug well in the upper pasture. Add a well pump and either would be great for animals or gardens. Two RV set ups, two storage buildings, and a large carport make this property even better. Don't miss your chance to have your own mini farm, ready to go. Call me or your agent to see!
Source: GAMLS #10376086
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10376086
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: #10376086
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.