3871 Apalachee Rdg, Monroe, GA 30656
6 beds · 4 baths · 5,671 sqft sqft
Welcome to this exquisite traditional brick home, a perfect blend of timeless elegance and modern convenience. This expansive residence offers abundant space for muti-generational living, featuring a full finished basement with a full kitchen, bath and laundry. Upon entering, you are greeted by a grand foyer with high ceilings and a sweeping staircase. The spacious living room, adorned with a classic fireplace and large windows, provides a warm and inviting space for family gatherings and entertaining guests. The formal dining room, with its elegant moldings and ample natural light, is perfect for hosting memorable dinners. The kitchen has recently seen updated cabinets, a new backsplash and renewed flooring. The adjacent breakfast area offers serene views of the private backyard and beautiful pool, creating a perfect spot for your morning coffee. The upper level boasts three large bedrooms, one is oversized and could be used as a bonus or media room. In this home you will find the primary bedroom on the main floor. It features an en-suite bath with a soaking tub and a separate shower. There is also an additional bedroom on the main floor as well as another full bath. From there, step outside to your private backyard oasis, where a sparkling swimming pool awaits. The patio area is ideal for summer barbeques, pool parties, or simply relaxing in the outdoors. Additional features of this home include a three car garage and ample parking. Conveniently located minutes from The Exchange in Bethlehem and the 316 corridor, this home also allows easy access to Monroe, Winder, Loganville and Lawrenceville as well. Dont miss the opportunity to make this wonderful
Source: GAMLS #10338585
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10338585
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: #10338585
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.