4831 Rilla Rd, Gainesville, GA 30506
4 beds · 2 baths · 1,836 sqft sqft
Back on the Market – Due to no fault of the sellers! The previous buyer's financing fell through, presenting a new opportunity for you to make this property yours! Location, Location, Location! Welcome to this beautifully renovated 4-bedroom, 2-bathroom home in North Hall County, offering the perfect blend of community and privacy with no HOA. 1.2 Acres, just 4 minutes from Lake Lanier!! You can enjoy all the lake amenities without the hefty lakefront price! Ideally situated between Dawsonville and downtown Gainesville, this home provides exceptional convenience. North Hall school district! As you approach, the grand front porch warmly welcomes you. Step inside to an open concept floorplan where the kitchen boasts granite countertops, a deep sink, an island, and new Samsung stainless steel appliances. The kitchen seamlessly connects to the breakfast area and overlooks a cozy family room filled with natural light and recessed lighting. The entire home has been remodeled with new luxury vinyl plank (LVP) flooring, beautiful shaker cabinets, a stylish tile backsplash, and updated light fixtures throughout. The oversized master suite is a true retreat, featuring a large bathroom with a brand-new shower, mirrors, vanities, recessed lighting, and a walk-in closet. Three large secondary bedrooms, all with generous closets, share a fully renovated bathroom with a new vanity, lighting, and mirror. Completing the home is a roomy laundry room for added convenience. Outside, the home boasts a spacious open yard bordered by trees, providing perfect privacy and endless possibilities for outdoor entertaining, along with ample parking for all your boats and vehicles. Enjoy your morning coffee on the covered front porch or host gatherings on the brand-new back deck. The oversized front porch is perfect for soaking in the surrounding nature, making it ideal for entertaining. Additional highlights include a new HVAC system & fresh interior paint. This 1,836 sq ft home is conveniently located close to Hwy 400, Dawsonville, and downtown Gainesville, and just 4 minutes from the boat ramp on stunning Lake Lanier. Bring your boat or RV and get ready to enjoy living in this gem of a property where no detail has been missed. Schedule a showing today and make this charming retreat your new home. Experience the "like new" feel without the new construction price tag!
Source: FMLS #7448306
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7448306
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: #7448306
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.