219 Shadow Lake Dr, Arnoldsville, GA 30619
3 beds · 2 baths · 1,941 sqft sqft
Nestled on a serene 1.55-acre lot, free from HOA restrictions, this charming ranch home offers a peaceful retreat with modern comforts. Step inside to discover a spacious interior featuring three bedrooms and 2.5 bathrooms, including a master suite complete with a large walk-in closet, shower, and luxurious soaking tub. The open-concept living spaces are perfect for both relaxation and entertaining, with a kitchen that boasts abundant cabinet and counter space, a central island, and an eat-in dining area that flows seamlessly into the formal dining room. The inviting living area features vaulted ceilings and a cozy fireplace with a wood-burning insert. The laundry/mudroom connects to the two-car garage, providing practicality and convenience. Recent upgrades include a new HVAC system installed in 2023, a new roof in 2019, and a brand-new Samsung range, ensuring that the home is move-in ready. Enjoy outdoor living on the patio, ideal for morning coffee, evening meals or a comfortable place to enjoy a good book. The large, flat backyard is perfect for children or pets to play, and the property includes two dog kennels and a dedicated space for a shed or camper, complete with an electrical outlet. Conveniently located near Highway 78 and just a short drive to Winterville, Crawford, and Lexington, this home offers a blend of rural charm and modern amenities. Don't miss your chance to make this private residence your own! This home qualifies for 100% USDA Financing! *$2000.00 Lender Credit if you use our preferred lender: Kathy Terry with Atlantic Bay Mortgage.*
Source: GAMLS #10392993
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10392993
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: #10392993
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.