3531 Gilleland Ext, Gainesville, GA 30507
4 beds · 3 baths · 3,156 sqft sqft
Welcome to this stunning 3,156 sq. ft. ranch home with a finished basement! Set on 2.1 acres of land adjacent to the Chicopee Woods Nature PreserveCoperfect for nature lovers and those seeking tranquility. This charming 4-bedroom, 2.5 bath home is a rare find, blending modern conveniences with a serene, natural setting. Step inside to the living room featuring gleaming hardwood floors, 9CO+ vaulted ceiling, and floor to ceiling brick fireplace. Spacious kitchen is perfect for the home chef, with modern appliances, ample storage with breakfast bar/ island and private access to the sunroom known as the CZen DenC providing the perfect escape after a long day. The oversized master bedroom on the main level boasts a walk-in closet with built-in shelves, spa-like master bathroom with double vanities, and private access to a small deck overlooking the private wooded backyard. Step out onto any of the three porches to enjoy the sights and sounds of your personal hiking trail and stream. Deer, chipmunks, and birds frequent the area, offering a true retreat into nature. The possibilities are endless with the finished basement - in-law suite, gym, workshop, you name it! From the basement, there is access to the backyard. Bonus Spaces: The home features a storage shop, an unfinished room in the basement with potential, and ample storage under the stairs. ThereCOs no shortage of closet space in this home! Close to Schools Located just half a mile from a top-rated elementary school, with additional schools nearby, making it ideal for families. This home is perfect for those who value the outdoors while still being close to local amenities. The propertyCOs proximity to a nature preserve, combined with its hiking trail, stream, and lush surroundings, makes it a true sanctuary. Come see all this home has to offer! Check out the Virtual Tour!
Source: GAMLS #10401853
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10401853
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 30-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: #10401853
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.