359 Nunnally Farm Rd, Monroe, GA 30655
3 beds · 3 baths · 3,935 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This charming home is nestled on 6.98 acres of picturesque land. Located in the highly desirable area of Walton County, this property offers the perfect balance of privacy, natural beauty, and convenience. With access to top-rated school districts, it’s the ideal place for families looking for both comfort and space. The home features three spacious bedrooms and two and a half baths, with the master suite conveniently located on the main level. The kitchen and master bathroom have been beautifully remodeled, offering modern finishes and stylish details. The open and inviting living spaces are designed for both relaxation and entertaining. The foyer, living room, dining room, and family room all boast beautiful hardwood floors, while new carpet has been installed throughout the entire house for added comfort. Upstairs, a versatile bonus area awaits, ready to be transformed into a home office, playroom, or additional living space. Enjoy peaceful mornings and evenings on the rocking chair front and back porches, where you can take in the views of the surrounding land and listen to the sounds of nature. The half unfinished basement provides plenty of potential for expansion, with double doors leading to the outdoors, making it an ideal space for storage or future projects. The expansive 6.98-acre lot provides ample space for outdoor activities, gardening, or even livestock, offering a true country living experience. Located in a highly sought-after area with excellent schools and close to local amenities, this home has been thoughtfully renovated over the years and is ready for you to move in and make it your own. Don’t miss out on the opportunity to own this stunning property in one of Walton County’s most desirable neighborhoods. Schedule your showing today!
Source: FMLS #7558556
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7558556
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.
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.
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.
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.
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.
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.