2975 Rice Creek Ct, Jefferson, GA 30549
3 beds · 3 baths · 2,770 sqft
This exceptional custom-built ranch home is the epitome of luxury and comfort, offering a lifestyle that's second to none. With four sides of brick construction, it boasts stunning hardwood floors throughout, creating a warm and inviting atmosphere. The chef’s kitchen is an entertainer’s dream, featuring a sprawling island, ample custom cabinetry, elegant granite countertops, a wall oven, warming drawer. Separate dining creates the extra space you want in this home for an office or dining. The home has been meticulously maintained by its owner. In addition, this home features spacious secondary bedrooms, a large laundry room, plantation shutters throughout, and a deluxe trim package that adds a touch of luxury to every room. A covered back porch offers a sanctuary for relaxing and enjoying the outdoors. The home’s quality craftsmanship and attention to detail make it an ideal choice for those seeking both beauty and functionality. Beyond the home itself, you’ll enjoy a lifestyle of leisure and recreation. As part of the prestigious Traditions of Braselton neighborhood, residents have access to an 18-hole golf course, a clubhouse, pro shop, bar/grille with a patio, a fitness center, tennis courts, and a Jr. Olympic pool. It’s your own private oasis, where you can enjoy country club living every day. You are just minutes away from the historic district of Braselton, where you can immerse yourself in the historic homes, eclectic shops, and delightful dining options. The town comes alive in the spring and fall with vibrant festivals and parades, adding even more charm to this already picturesque setting. This home is a perfect blend of gracious living, a family-friendly neighborhood, and the convenience of nearby shopping, dining, and cultural experiences. With award-winning schools and a golf course community, it truly offers the best of both worlds—elegant living and a vibrant lifestyle.
Source: FMLS #7543415
Source: FMLS #7543415
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.