479 Blue Ridge Ave, Ball Ground, GA 30107
3 beds · 2 baths · 1,380 sqft
SHORT SALE!!! A must see INCREDIBLE RANCH! A beautiful RANCH craftsman style home with an incredible back yard, private patio, only 3yrs old and just under 1 acre in the heart of Downtown Nelson, the marble capital of Georgia! Minutes from downtown Ball Ground, this house qualifies for $4,000 for first time home buyer grant! This fantastic craftsman home with cedar shake accents, custom wood shutters, open floor plan and incredible kitchen features clean crisp white cabinetry, granite countertops, and stainless steel appliances. Basically a new build, this home has LVP flooring throughout, craftsman trims, shiplap, barn door, and custom closets in all bedrooms. Large master bedroom boasts a vaulted ceiling and ensuite master bathroom with dual stone countertops and walk-in shower. Dining room opens to a covered patio and entertainment porch overlooking the spacious backyard. Low taxes and GREAT LOCATION! Only minutes to popular historic downtown Ball Ground with all of the amenities of being in Cherokee Country without the Cherokee taxes! A must see!
Source: FMLS #7344058
Source: FMLS #7344058
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: #7344058