515 Hunterian Pl, Newnan, GA 30265
3 beds · 2 baths · 1,348 sqft
Beautiful ranch home located in the amenity-filled Summer Grove community. This home has updated lighting fixtures throughout, with special upscale, designer lighting in the kitchen and dining areas. Each room boasts a smart television that has cords hidden in the wall for aesthetics and is included with the home (minus the main TV in the living room). For convenience, there is a power cord in the closet of the front bedroom for a printer or charging center. As you enter the house, you will notice the open floor plan, with hardwood floors that extend through the entire home, and ceramic or marble tiles found in the bathrooms. The house features a vaulted ceiling, beautiful appliances, a gas fireplace, a two-car garage, and plenty of storage space in the attic located above the garage. As a bonus, the garage is set up for a washer and dryer, so the current laundry area in the kitchen area could be expanded into a larger pantry or set up for more closet space; plus, the washer and dryer are included. The private, fenced-in backyard includes a storage shed, rustic swing set, and gas grill, along with a hot tub, so it is easy to unwind and relax whether you're in the hot tub, dining outside using the grill, or playing on the swing set. If you have pets, there is even a DOGGIE DOOR included so your furry family members can go outside to their fenced-in backyard to enjoy the outdoors. This home is ideally located and in immaculate condition! There is a NEW ROOF!! NEW FLOORING and is FRESHLY PAINTED!! This adorable home is perfect for first-time home buyers or retirees. It is located in a great area within walking distance of many restaurants, grocery stores, and shopping centers. The Piedmont-Newnan Hospital, City of Hope (formerly Cancer Treatment Centers of America), and I-85 Exit are less than three miles away. It is also within walking distance of the Newnan Crossing Elementary School and the LINC multi-use path system, which is a 26-mile network of paved paths for recreation. Finally, living in Summer Grove is like living in a resort community with 18 parks/playgrounds, 3 pool centers, 9 tennis courts, 6 pickleball courts, nature trails and sidewalks, Town Hall and Market Center, a 100-acre fishing/boating lake, volleyball and basketball shooting courts, incredible social calendar, food trucks and so much more. For golfers, the Summer Grove Golf Course is located in the community and is known as one of the very best golf experiences on the south side of Metro Atlanta!
Source: GAMLS #10454243
Source: GAMLS #10454243
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.