393 Hunterian Pl, Newnan, GA 30265
3 beds · 2 baths · 2,009 sqft
Welcome to this stunning ranch-style home in the highly sought-after Summer Grove community! This immaculately maintained home offers a seamless blend of comfort, style, and convenience. As you step inside, you'll be greeted by an open floor plan featuring gorgeous hardwood floors throughout the home, recessed lighting, and a cozy gas fireplace in the spacious living room. The kitchen boasts beautiful appliances, perfect for the home chef, while the ceramic or marble tiles in the bathrooms add a touch of elegance. With a vaulted ceiling and large windows, the space feels open and airy, creating a bright, welcoming atmosphere. The home includes a separate dining area for formal meals, and the two-car garage is not only perfect for parking but also offers an attic with plenty of storage. Plus, the washer and dryer are conveniently included, and the current laundry area in the kitchen can be transformed into a larger pantry or expanded closet space to suit your needs. The private, fenced-in backyard is perfect for outdoor enjoyment, offering a peaceful retreat for relaxation and entertainment. A NEW ROOF gives you peace of mind for years to come. But the real highlight is the amazing community of Summer Grove! Just steps away from your door, you'll find 18 parks/playgrounds, 3 pool centers, 9 tennis courts, 6 pickleball courts, nature trails, and sidewalks for easy walking. There's even a 100-acre fishing and boating lake, volleyball courts, and basketball shooting courts for outdoor fun. The community's active social calendar, food trucks, and beautiful surroundings make Summer Grove feel like a resort. Ideally located, you're within walking distance of excellent dining, shopping, and grocery stores. Piedmont-Newnan Hospital, City of Hope, and I-85 Exit are just minutes away, and Newnan Crossing Elementary School and the LINC multi-use path system are within walking distance as well. For golf lovers, Summer Grove Golf Course offers one of the best golfing experiences in Metro Atlanta. Don't miss out on this incredible opportunity to live in a home that combines luxurious amenities and an unbeatable location. Schedule a showing today!
Source: GAMLS #10465010
Financials
Source: Public records
Source: GAMLS #10465010
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.