338 Daniel Trent Way, Kingsland, GA 31548
5 beds · 3 baths · 3,209 sqft
SELLER OFFERING 7K TOWARDS BUYERS CLOSING COST & 1 YEAR 2-10 BUYERS HOME WARRANTY!! Seller has an Assumable Loan with a rate of 2.75%!! Step into this stunning five-bedroom, three-and-a-half-bath, 3,209-square-foot home built by Lamar Smith in 2016. A charming covered front porch welcomes you inside, where an open floor plan is bathed in natural light from high windows and three sets of French doors leading to the enclosed sunroom. The home features a versatile bonus area that can serve as an office, dining room, or playroom-tailored to your needs. The spacious kitchen boasts a large island, walk-in pantry, stainless steel appliances, ample cabinet space, and a cozy breakfast area.The primary suite, located on the main level, offers a luxurious en suite bathroom with granite countertops, a tiled shower with a glass door, and a private water closet. Upstairs, a beautiful wrought iron and wood staircase leads to four additional bedrooms and two full bathrooms. A walkway overlooking the open floor plan below separates the bedrooms, adding architectural interest. Throughout the main living areas, you'll find durable vinyl plank flooring, while the bedrooms and upstairs spaces feature plush carpeting for added comfort. Outside, enjoy the enclosed sunroom, which overlooks a spacious, private, fenced-in backyard. The yard includes a storage shed and an above-ground pool, complete with pool equipment for easy maintenance. Located in a vibrant community, residents enjoy access to a clubhouse, pool, and playground. Plus, the home offers convenient proximity to I-95, shopping, and military bases.Don't miss the opportunity to make this incredible home yours!
Source: GAMLS #10460477
Financials
Source: Public records
Source: GAMLS #10460477
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.
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 “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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.