236 Five Oaks Dr, Clarkesville, GA 30523
4 beds · 3 baths · 2,784 sqft sqft
One year home warranty!!! Grand Oaks Plantation! This home has so much to offer from the beautiful hardwoods when you walk through the front door to the pergola and fire pit in the backyard. The inside features 3 bedrooms (oversized master bedroom) and 2 full bathrooms on the upper level and 1 bedroom and 1 full bathroom on the lower level with a separate living area, hardwood floors, a gas fireplace, granite countertops, stainless steel appliances, a formal dining area, double vanity in master bath and jetted tub. The outside features beautiful landscaping, a large back deck, a pergola, a fire pit, a storage shed, and a large level fenced-in backyard. Just installed in July 2024 is a brand new HVAC unit. The home is in the Grand Oaks Plantation which also offers a tennis court, playground, and pond. Better yet, this home is right around the corner and within walking distance of those amenities!
Source: GAMLS #10386964
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10386964
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.
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: #10386964