236 Estate Dr, Dahlonega, GA 30533
3 beds · 2 baths · 1,738 sqft
LOCATION, LOCATION, LOCATION! Welcome to this BEAUTIFULLY RENOVATED RANCH home newly constructed in 2020, nestled on a picturesque 1.42 acres in the highly desirable Dahlonega area. This open-concept residence conveniently features a MASTER ON THE MAIN with two additional bedrooms and 2 baths. For those needing extra space, the home sits atop a partial basement, already stubbed for a bathroom-perfect for your personal customization AND a highly coveted, over-sized tall garage, nearly 900 sq ft! Bring your trucks, boats, all the things! The kitchen showcases elegant granite countertops and custom white cabinetry with brand-new backsplash, seamlessly opening to a deck that overlooks a private backyard. Exterior foundation walls laid with beautiful stone. Modern updates include freshly painted interiors, new hardware and doors, wood beams in the living room and master bedroom, new chandelier, ceiling fans, light fixtures, and newly epoxied floors in the basement and garage. Brand new kitchen refrigerator. All appliances stay, including the garage refrigerator. Step onto the front porch and take in the peaceful views of your 1.42-acre private sanctuary. Enjoy a freshly stained deck, covered front porch, and fenced backyard. This property offers that outdoor space everyone desires with ample room on the property for a storage shed or room to park your RV! This charming residence offers style, space, and privacy. Just MINUTES from downtown Dahlonega and the University of North Georgia campus, it offers unparalleled convenience. Enjoy the close proximity to Amicalola Falls, the Army Ranger Camp (Camp Frank D. Merrill), a variety of wineries and excellent schools! A short drive to Highway 400 connects you to the new medical center and the Dawsonville Outlets. Best of all, NO HOA! NO RESTRICTIONS! Enjoy the flexibility to make this property your own!
Source: GAMLS #10400875
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10400875
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: #10400875
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.