3745 Stock Rd SW, Monroe, GA 30656
4 beds · 3 baths · 4,041 sqft sqft
Welcome to your dream home in Monroe, GA! This stunning home boasts an ton of features. Situated on 5 sprawling acres, this ranch-style home offers the perfect blend of comfort and convenience. As you pull up the driveway, you'll see a parking pad/space in the back, providing a spot for your camper or other big toy. Plus, with a 3rd car garage located in the basement, there's plenty of room for all your vehicles and toys. Step inside and discover a spacious and inviting interior, highlighted by high ceilings in the family room. The cabinets in the kitchen are custom-built and solid wood. The bonus room is off the kitchen area and has built in bookshelves. A half bath off the hallway allows guests to not need to go into the bedroom spaces. Also, the split bedroom plan ensures privacy and comfort for all. But the features don't stop there. Venture downstairs to find a full finished basement that's been set up as an in-law suite, complete with its own kitchen, bathroom, and living area with gorgeous custom fireplace. Need a space to tinker or work on projects? Look no further than the workshop in the basement, providing the ideal environment for DIY enthusiasts and hobbyists alike. And for additional storage needs, there's a convenient storage building located in the backyard. Outside, you'll appreciate the level lot and the serene, private setting that surrounds you. Located in a peaceful and quiet area, yet still within easy reach of amenities and conveniences, this home truly offers the best of both worlds. Don't miss your chance to make it yours Co schedule a showing today and experience all that this remarkable property has to offer.
Source: GAMLS #10285597
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10285597
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10285597