23 Newberry Ln, Cataula, GA 31804
4 beds · 3 baths · 2,997 sqft sqft
Large corner lot home in Coca Lake! Entry foyer opens to formal dining room. Great room with gas fireplace, wired surround sound, 9" ceiling and specialty crown molding. Spacious kitchen with stainless appliances, built-in microwave, and double ovens. Sunny breakfast area with views of the backyard. Keeping room with gas fireplace and built-in bookcases. 3 bedrooms including master suite on one side of the home. Bedroom 1 currently used as an office. Bedroom 2 has attached en-suite bath that also opens to the hallway. Master suite with large sitting area in the bedroom. Jetted soaking tub, large glass enclosed shower, water closet, and his/hers walk-in closets in the master bath. Laundry room and Bedroom 4 on opposite side of the home. Bedroom 4 has en-suite bath with hall way entrance. Attic has 2 access points floored for storage. Plantation shutters in all of the front rooms and bedrooms. Wood blinds in the breakfast area and keeping room. Hardwood floors in hall, dining room, kitchen, breakfast area and keeping room. Carpet in the great room and bedrooms. Home is wired for ADT security. Private screened back patio with brick paver floor opens to extra large deck. Lots of mature landscaping with additional trees planted for privacy. Roof replaced in 2023!
Source: GAMLS #10411952
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10411952
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: #10411952
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