246 Brookview Dr, Newnan, GA 30265
4 beds · 3 baths · 2,905 sqft
Welcome to this stunning and spacious 4-bedroom, 3.5-bathroom home. Upon entering, you'll be greeted by a charming foyer that leads to a versatile family room on the side, perfect for use as a dining area or a home office. The heart of the home is the stunning living room, featuring a stylish wainscot ceiling, cozy fireplace, and convenient wet bar. It opens seamlessly into the kitchen, creating a perfect space for entertaining. Chef kitchen with a practical island, sleek stainless steel appliances, and a walk-in pantry for all your storage needs. The primary bedroom, located on the main floor, is a true retreat. It boasts a tray ceiling and an ensuite bathroom with dual vanity, tile shower, luxurious soaking tub, and a walk-in closet. Upstairs, you'll discover a loft area and three additional bedrooms, each with its own walk-in closet. One bedroom has a full bathroom, while two share a jack-and-jill bathroom setup. Outside, the fenced backyard is perfect for relaxation and play. Enjoy summer evenings in the gazebo patio area or shoot some hoops in the basketball area. The home also features energy-efficient solar panels.The property's location is equally appealing, with the Connector Trail park just a short distance away, offering opportunities for outdoor recreation and family fun. Situated in the charming city of Newnan, this home provides easy access to local attractions and amenities. Schedule your tour today!
Source: GAMLS #10367724
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10367724
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: #10367724
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.