2408 HIGHWAY 53 W, Dawsonville, GA 30534
Welcome to your dream ranch home, where modern luxury meets country charm! This beautifully upgraded ranch-style residence is nestled on a 1.1-acre lot, offering both privacy and space. Inside, you'll be greeted by an open-concept layout with high-end finishes throughout. The kitchen features top-of-the-line appliances that include brand new Whirlpool stainless steel appliances, granite countertops, 30" stainless steel under mount sink, a beveled ceramic tile backsplash, updated cabinet hardware and soft close hinges making it a chef's paradise. Pantry is loaded with modern versatile track shelving system with solid wood shelving. Spacious living areas are bathed in natural light, highlighting the modern luxury vinyl flooring throughout the home. The master suite is a true retreat, complete with a spa-like en-suite bathroom and a generous walk-in closet. Upgrades include a Bain Ultra 3 person soaker tub, Thermomasseur 40 hot air jet system (hygienic and no system maintenance), Chromatherapy/light therapy with invisible LED lights, 2 heated backrests built in inner shell, hardwired controls with Bluetooth capability, deck mounted roman faucet with hand shower, custom marble tiled walk-in shower with recessed shelving, custom glass shower door, rainfall shower head with hand shower, 60" double vanity with Carrara marble countertops, fully integrated power station, and built in organizers. Additional bedrooms are well-sized, providing ample space for family and guests. The owners spared no expense on the guest bathroom which has also been completely renovated. Step outside to discover your private oasis. The expansive backyard is perfect for entertaining, with a covered deck ideal for relaxing or hosting gatherings. Guests can gather around the cozy firepit which includes it's own firewood storage shed. Your pets will love the 8x6 fenced in area with their own outbuilding with electricity and water. The highlight of this property is the impressive workshop—an enormous space with ample room perfect for a home business, projects, hobbies, and all your storage needs. There is ample parking with 14,600 sq feet of concrete slab . This truly is a home not to be missed. There are too many upgrades to list but are happy to provide the complete list upon request.
You may be able to put down less than the total down payment amount of $290,247 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: #7453777
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.