260 Valley Brook Dr, Covington, GA 30016
3 beds · 2 baths · 2,390 sqft
Discover this stunning ranch-style property, nestled in a peaceful culture-de-sac, which offers a perfect blend of modern comfort and timeless elegance. Showcasing 3 bedrooms and 2 bathrooms, this gem invites you in with its welcoming open foyer and high vaulted ceilings. Conveniently, the 2-car garage, with a newly replaced motor and garage door, is accessible from the foyer. The living room and keeping room boast brand-new hardwood flooring, with the living room offering a cozy gas fireplace. A versatile bonus room above the garage, complete with its own closet and HVAC unit, can easily serve as a 4th bedroom, office, or playroom. The owner's suite is a sanctuary, designed with wide double doors to the primary bathroom, a walk-in seated jacuzzi tub, a stand-alone shower, and large closet. Each room is generously sized and filled with natural light. The kitchen is equipped with new tile flooring, stainless steel appliances, and ample cabinet space. Step outside to your private oasis starring an extended patio with a remote-controlled awning perfect for shade, an above-ground pool with a surrounding deck, and a spacious fenced-in yard. The new storage shed provides additional space for pool and yard equipment. Enjoy the historic downtown square with boutique shops, delightful cafes, and casual dining, as well as beautiful parks like Newton County Turner Lake Park and Academy Springs Park. Don't miss out on what this amazing home has to offer! **Please note: This property is owner-occupied.
Source: GAMLS #10340344
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10340344
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: #10340344
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.