260 Highwoods Pkwy, Newnan, GA 30265
5 beds · 4 baths · 4,278 sqft
Discover the perfect blend of luxury and comfort in this beautiful home nestled on a picturesque golf course. With striking stone accents and remarkable upgrades, including a captivating barn wood wall, this residence is designed for both spaciousness and coziness. Step inside to gleaming hardwood floors and abundant trim, leading you to an amazing kitchen equipped with custom cabinets, a gas cooktop, wall ovens, and an elegant backsplash. The curved granite breakfast bar invites casual dining, while the keeping room-featuring a stunning barn wood wall-and the family room with a coffered ceiling both offer cozy fireplaces and transom windows that bathe the space in natural light. On the main level, you'll find a stylish office with French doors, perfect for work or study. Upstairs, the spacious master suite and three additional bedrooms provide ample room for relaxation. The finished basement boasts a versatile bedroom, bath, and recreational area, ideal for guests or entertainment. Set on a generous .5-acre lot, the level, manicured lawn backs directly onto the golf course, offering serene views and outdoor enjoyment. Recently fenced in for your backyard needs! Located in the desirable Summer Grove community, you'll have access to a 100-acre lake, pools, tennis courts, a golf course, a clubhouse, and beautiful parks-all within close proximity to hospitals and other amenities. Don't miss the chance to call this exceptional property home!
Source: GAMLS #10399445
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10399445
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: #10399445
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.