1 of 64
$895,000

49 Rimrock Rd, Jasper, GA 30143

5 beds · 4 baths · 3,831 sqft sqft

Welcome to “Sunset Lodge” with some of the best mountain views around! And as an added bonus, most of the furniture you see is included in the sale (including most TV's and free standing appliances)!!! This is a very well-built craftsman home constructed in 2000 that has been totally renovated including new kitchen cabinets, quartz counters, and top of the line appliances. The upgraded bathrooms feature a spectacular master bath with a large walk-in shower and separate whirlpool tub. Mountain views abound throughout the interior of this home and rear porches. The windows have been replaced with Anderson’s “Energy Star” insulated glass with UV protection and come with a lifetime warranty. Electric motorized shades on the main and upper floor rear windows also provide energy efficient protection when engaged. The main floor features an expansive living area and open floor plan. The master bedroom is also on the main level and features wood sliding doors opening to a covered porch overlooking the mountains. The two upstairs bedrooms are also spacious and open to a large family room featuring a large screen TV. But best of all there is the “sky-lounge" deck - perfect for sun-bathing as you take in the scenery (see photos). The lower terrace level features yet another large den with a gas fireplace. Two more bedrooms are located here along with a newly finished exercise room (exercise equipment is included!). This home has been very well maintained with regular HVAC service. The well water drinking system has also been recently upgraded with a new 1500 gallon tank and new pumps that includes a “DAP” pressure monitoring system that maintains proper water pressure throughout the home. Overall, this home is a once in a lifetime opportunity. Don’t miss out and come and see for yourself! ***Buy this home and assume a 4.75% interest rate VA loan and save thousands monthly.***

Interest rate
4.75%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment
$3,988
With Roam
$4,795
Reduce your monthly payments by $807 when you assume this mortgage.
You also save $273,745 in total interest paid.

$151,470
Edit

You may be able to put down less than the total down payment amount of $151,470 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
3,831 sqft
Lot size
5.77 acres
Year built
1999
Type
Single Family Residence

Source: FMLS #7466815

Loan
Remaining term
28 years, 3 months
Rate
4.750%
Monthly P&I
$3,988
Remaining loan balance
$743,530

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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.

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Last updated: Oct 22, 2024 10:18 am
Listing agent: Chuck Lecraw (404) 642-3838
Listing provided courtesy of: Virtual Properties Realty.com (770) 495-5050
Details provided by FMLS and may not match the public record.
MLS ID: #7466815
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please visit https://www.fmls.com/dmca.htm to review our DMCA policy and learn how to submit a takedown request. © 2024 FMLS.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$3,988/mo
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