49 High Point Cir, Newnan, GA 30265
4 beds · 2 baths · 1,951 sqft
Spacious Home! Discover this charming and spacious 4-bedroom, 2.5-bath cottage-style home in desirable Summergrove, ideally situated on a corner lot directly across from High Point Circle Park. This well-maintained, two-story gem offers an inviting open floor plan, featuring hardwood floors and an updated kitchen complete with stainless steel appliances. Cozy up in the living room with -built ins on each side of the fireplace! custom The main level boasts a primary bedroom retreat with a beautifully remodeled bath, complete with an oversized shower and modern finishes. Additionally, a half bath and a separate laundry room add convenience to the main floor layout. Upstairs, you'll find three generously sized bedrooms and a Jack and Jill bathroom with hallway access, perfect for family and guests alike. An extra-long two-car garage with built-in storage leads to an unfinished room and bathroom plumbed basement, 500 sq ft ready for your vision! Whether it's a home office, weight room, man cave, she shed, or craft space, the possibilities are endless. Additional highlights: Plush Carpet: Only 2 years old Sprinkler System: Maintains a lush landscape Smart Home Features: Blink security system, Ring doorbell, MyQ Smart Garage with video keypad, and Nest thermostats This is truly a must-see home with thoughtful updates and ample space to make your own! Don't miss the opportunity to call it yours. Schedule your showing today!
Source: FMLS #7533093
Financials
Source: FMLS #7533093
Source: Public records
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%. 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.
Other resourcesWhat 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.