2805 NORTHFIELD RD, Valdosta, GA 31602
Beautiful home in the heart of Valdosta. Sitting on over half an acre, this home is ready to meet all of your needs. Walk in an let the gorgeous hardwood floors catch your eye and lead your way throughout the home. Upon entry, you are greeted by the cozy living room that looks out over the front yard. Just left sits the huge dining room that can also be used as a home office or possibly 4th bedroom or entertainment room! Kitchen stands behind and offers lots of space as well as that pure, rustic feel. Master bedroom is very spacious, and the master bath offers a large, jetted tub as well as a separate tiled, stand-up shower. Other bedrooms are spacious too with lots of room. Out back you can begin to feel the size of the yard with lots of area and plenty of shade. 2-car garage is nestled off to the side that can also be used as a workshop or for extra storage. The big, screened in back porch brings everything together and offers the perfect place to sit and enjoy watching the rain on these summer days. Close to Hospital, Entertainment, Grocery Stores, Restaurants and more this one is sure to get lots of attention. Call me today to be one of the first to schedule a showing! New chapter begins here.
You may be able to put down less than the total down payment amount of $114,476 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: #10368578