344 River Landing Dr, Monroe, GA 30656
4 beds · 3 baths · sqft
The Farmington plan built by My Home Communities! ONE OF THE FEW CUL-DE-SAC LOTS REMAINING! This beautiful 4 bed, 3 bath two-story home on an estate-sized lot, with covered back patio, is a great opportunity to have plenty of privacy within minutes of downtown Monroe! The main floor features an open-style kitchen, with breakfast area, that overlooks the family room. Entertain with a stunning stacked stone fireplace and shiplap accent. Throughout the main floor, enjoy desirable features such as granite countertops, upgraded LVP flooring, stainless steel appliances, 36" cabinets, tile backsplash and soaring 9ft ceilings. Also conveniently located on the main floor, there is a separate dining room/study, with craftsman judges paneling, and a mud-bench garage entry. In addition, a secondary bedroom with full bath. Upstairs includes a large primary suite with tray ceiling, dual vanity sinks, tile shower and soaker tub, and large walk-in closet. Additionally there is a large functional loft, a laundry room and two spacious secondary bedrooms with large closets and a secondary bath. Schedule an appointment for a showing today! Ask about our 4.99% rate promo and $3,000 in closing costs with use of preferred lender with contract binding by 11/30/2024. *Secondary photos are file photos* *Matterport tour is an example of the floorplan and not of the actual listing* QUICK MOVE-IN!
Source: GAMLS #10412261
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10412261
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: #10412261
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.