254 Oakdale Dr, Cornelia, GA 30531
3 beds · 1 baths · 1,700 sqft
Great curb appeal with a rustic feeling in an established neighborhood less than five minutes from town. A lot of love and history follows this home. Previous owners lived in this beautiful home for over 40 years. You don't have to Travel miles north to find nature at it best. This 3/1 has almost 2 acres two and two half baths a small natural pond with a small creek feeding into and out of it to keep it flowing naturally. The living room kitchen combo is the focal point of this home. The vaulted ceilings have exposed beams, beautiful natural brick gas fire place, wood floors and natural brown wood stained kitchen cabinets. Large master bedroom is on the main floor with a his and hers sink with a jack and Jill set up. Up stairs bedroom could easily be a bonus / game room with stairway platform that over looks the entire living room and kitchen. Sellers are currently having an on going estate on Saturdays until everything is sold. So come preview the home and the property and see if this doesn't fit your budget and check all the boxes you all have been looking for.
Source: GAMLS #10357843
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10357843
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: #10357843
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