24 Archie Way NE, Ludowici, GA 31316
4 beds · 2 baths · 2,436 sqft
Welcome to this charming 4-bedroom, 2.5-bath home built in 2012 in the Murray Crossing subdivision, offering both comfort and versatility. Just minutes from Hinesville, Ludowici and Fort Stewart. The formal dining room is perfect for gatherings, while the extra-large primary suite provides a peaceful retreat with a sitting area, Large walk-in closet, garden tub, dual vanities and stand alone shower. The home features a cozy fireplace with gas logs, ideal for chilly nights. As a bonus, there is a flex room built inside of the garage, complete with a mini-split AC unit (can be used as an office or 5th bedroom) leaving the rest of the garage available for storage. It can easily be converted back to a 2-car garage if desired. Recent updates include a new roof and fresh carpet in the bedrooms. The home has laminate and tile flooring flow through the main living areas, providing both style and easy maintenance. Enjoy the spacious, privacy-fenced backyard, ideal for outdoor entertaining or relaxation. Landscaping adds to the home's curb appeal. The shed does NOT convey but is negotiable. This home is located outside city limits, offering peace and privacy. Don't miss out on this wonderful opportunity!
Source: GAMLS #10481757
Financials
Source: GAMLS #10481757
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.