512 Lakeshore Dr, Monticello, GA 31064
3 beds · 2 baths · 1,400 sqft sqft
BIG PRICE REDUCTION. ASSUMABLE 3.25% VA LOAN! DO NOT HAVE TO BE A VETERAN TO QUALIFY! Escape to a Jackson Lake hideaway where the sellers spared no effort in transforming this lakefront cottage on a rare a level, deeded lot into a modern sanctuary. Also, pet lovers have a rare grandfathered fully fenced yard all the way to the lake edge!!! Lovingly updated to reflect contemporary designs, this home welcomes you with calm, neutral tones, creating an immediate sense of vacation mode. As soon as you walk in the house, you see the beautiful tongue and groove vaulted ceiling that accentuates the feel of lake living. The entire house is painted in Sherwin Williams' Agreeable Gray, with contrasting dark blue in the main bathroom. White baseboards, woodwork, and interior doors with new black hardware add a fresh touch, while the entry doors, painted in Peppercorn, feature new deadbolts with keypad entries and pet doors for convenience. All carpets have been replaced with waterproof LVP luxury vinyl plank flooring, and custom wood-stained shutters adorn every exterior window. Modern cordless shades, black window hardware, and white curtains grace each window, preserving the view from the big picture window. New remote-controlled ceiling fans, LED lighting, and a dining room chandelier enhance the ambiance, complemented by white shiplap on the picture window wall. The primary bathroom boasts shiplap, custom trim, a beautiful vanity, and a step-in spa tub, complete with a modern Bluetooth mirror and a toilet paper holder with a cell phone shelf. The guest bedroom, large enough for a king-size bed, and the middle bedroom, currently an office, both feature new lighting and closet systems. The front screened porch offers a TV, fishing equipment, seating, and a new remote-controlled ceiling fan. The kitchen is a chef's dream with new quartz countertops, a white subway tile backsplash, a stainless steel hood vent, a deep stainless steel sink, and a modern faucet. Cabinets, painted white inside and out, feature new black knobs and soft-close mechanisms. Additional upgrades include a painted breaker box transformed into a chalkboard, pantry shelf panels, new LED ceiling lights, and updated cordless shades. Outside, the front porch and rails were painted in September 2023, along with the dock, which features new solar lighting, dock cleats, cleat solar lights, landscaping rocks, and a ladder for swimmers. The fixed dock with 1 slip big enough to accommodate up to a 25 ft. long vessel, is in 15-20 ft water in one of the best fishing spots for crappie, catfish & bass on the lake. The sea wall was replaced in 2022. The dock has storage boxes, one with a small refrigerator and trash can, the other for equipment storage. A dock sink with a new faucet and a replaced water pump complete the setup. The garage offers four high loft storage units, an electric driveway gate with remotes and a keypad stand with solar lights, providing extra security with a fully fenced property. Recent landscaping includes new bushes and solar lighting around the house and garage. This meticulously maintained property is ready for you to enjoy. From new black cabinet knobs and soft-close cabinets to white quartz countertops and a stainless steel vent cover, no detail has been overlooked. Experience modern comfort with LED lighting, a Bluetooth mirror, custom shelves, and new ceiling fans throughout the home. The front porch, dock, and garage have all been upgraded for ultimate convenience and enjoyment. We look forward to seeing you at the lake!
Source: GAMLS #10386279
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10386279
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.
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: #10386279
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