35 Cape Ct, Newnan, GA 30263
5 beds · 4 baths · 5,009 sqft sqft
This stunning lakefront haven in the sought-after Lake Redwine community of Newnan, GA, offers luxury and serenity in a peaceful cul-de-sac setting. The custom-built home features exquisite landscaping, a private dock for boating and fishing, a custom fire pit for evening gatherings, and expansive lakefront footage with breathtaking sunsets. The main floor showcases a formal dining room, an open living room and kitchen nook with stunning lake views that create the sensation of floating on water, anchored by a magnificent brick fireplace and built-in surround sound. The gourmet kitchen, equipped with custom cabinetry, stainless steel appliances and granite countertops, is a chef's dream. The upper deck offers a serene vantage point with stunning lake views, creating an idyllic setting for relaxation. With its spacious design, it provides a perfect spot to savor breathtaking sunsets and enjoy the tranquil waters of the lake. The main-floor primary suite offers full lake views, along with a luxurious California closet, jacuzzi tub, shower and double vanities. This floor includes a guest half bath, a spacious laundry room with a marble folding area, a walk-in pantry, and hardwood floors. Upstairs boasts four bedrooms, a gymnasium and 2 full bathrooms with an additional shared front balcony. The fully finished basement is an entertainment hub with a media screening room, office, pool table, a second brick fireplace with gas logs, and a full bathroom. The basement also has access to the custom putting green large terrace with firepit and is easily accessible via an elevator that services all three floors. The home is completed by a three-car garage, a comprehensive alarm system, and luxurious landscaping that enhances its natural beauty. Sloping down at the water's edge is a dock complete with Pontoon Boat and Kayak which will be included with a full price offer. Neighborhood amenities include a community pool, adult pool, tennis and pickleball courts, and a playground.
Source: GAMLS #10362246
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10362246
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: #10362246
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.