286 MOUNT FOLLY RD, Augusta, GA 30907
ASSUMABLE VA LOAN AT 4.75! NO HOA! Convenient to Ft Eisenhower, as well as shopping in Evans, and 5 minutes to I20! Completely move in ready, all appliances convey! New Roof 2022, HVAC 2021, Water heater 2020. Over 25k in upgrades over the past two years!! Welcome to your own little piece of serenity! Located in a PEACEFUL CUL DE SAC, this beautiful brick home was completely updated just about two years ago. Step inside to a welcoming foyer that opens to the formal dining room and also leads to the cozy living room. In the large, eat-in kitchen, you'll find granite countertops, tile backsplash, refinished cabinetry, and almost-new appliances. Access to the two-car garage is conveniently located off the kitchen, making unloading groceries a breeze! There is also a large, walk-in laundry/pantry off the kitchen, which has great natural light and loads of built-in storage. The spacious living room has a real wood burning fireplace and gorgeous built ins. An updated half bath finishes off the first floor. Upstairs are all three bedrooms and two full bathrooms. The large primary suite boasts a walk-in closet and ensuite bath with dual vanity/granite countertop, garden tub, subway tile surround and honeycomb tile floors. Bedrooms 2 and 3 are good-sized and share a full bath off the hall, which also features a granite countertop and honeycomb tile floor. Out back is a great deck perfect for enjoying nature or grilling out, and a charming back yard with tons of potential! Excellent location in the heart of Columbia County-close to shopping, dining, I20, and zoned for excellent schools including the brand new, state-of-the-art Westmont Elementary School, which is within walking distance! Current owner has added an additional 25k+ in upgrades to include gutters, window screens, crawl space encapsulation, new garage door/smart garage door opener, attic exclusion/thermal acoustic pest control, and termite system-all ensures peace of mind and protection against any potential problems with moisture or pests.
You may be able to put down less than the total down payment amount of $35,258 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: #10347165
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.