227 POINT PETER PL, Saint Marys, GA 31558
Charming 3-Bedroom Home with Expansive Outdoor Living Space Welcome to this delightful 3-bedroom, 2-bathroom home that offers a perfect blend of comfort and style, nestled in a peaceful neighborhood with no HOA! As you step inside, you'll be greeted by a welcoming foyer featuring a custom-built bench, setting the tone for the thoughtful details throughout. The spacious living room is perfect for gatherings, complete with a cozy fireplace that adds warmth and ambiance. Just off the living room is a large kitchen, perfect for culinary enthusiasts, featuring ample counter space, a breakfast nook, and plenty of storage. A separate dining room doubles as an office, offering flexibility for both everyday meals and more formal occasions. All three bedrooms are oversized, providing plenty of space for relaxation and personalization. The updated bathrooms are modern and bright, adding a touch of luxury to your daily routine. One of the standout features of this home is the oversized screened porch that spans the back and side of the home, offering an exceptional outdoor living space perfect for entertaining or simply relaxing. Beyond the porch, a huge fenced backyard awaits, providing a secure and private space for outdoor activities. Additional features include a 2-car garage with an adjacent lean-to for extra storage, an indoor laundry room for convenience, and no HOA fees! This home offers a rare combination of space, comfort, and freedom in a desirable location. Don't miss your chance to make this versatile property your own-schedule a showing today!
You may be able to put down less than the total down payment amount of $188,022 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10373383
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.