524 Tanner Hall Rd, Dawsonville, GA 30534
5 beds · 2 baths · 3,900 sqft
This beautiful updated 5 BR / 2.5 BA home situated on 5 unrestricted acres has a Southern style rocking chair front porch spans the entire length of the house. Both upstairs bathrooms have double vanities with granite countertops and separate walk in tiled showers. Oversized master BR with space for a sitting area / secondary bedrooms are very spacious. Large country eat-in kitchen with granite countertops, double ovens, double-sided fireplace and farmhouse pine-top island. Seprate dining room. Picture window in breakfast area shows off expansive view of level landscaped backyard. French doors from the sunroom lead outside to a covered stone patio, stone fireplace and grill great for entertaining. Laundry room off mudroom includes built-in cabinetry and counter space, Bonus/Inlaw suite living room and with Kitchen on the 2nd floor . Quiet and private setting with room for pool, garden area, possible multi family compound and so much more. This home has newer roof, HVAC, carpet, fans and fixtures. Great location to downtown Dawsonville, schools, shopping and only 9 miles to GA 400 . Don’t miss the opportunity to own this beautiful peaceful setting to call home.
Source: FMLS #7421036
Source: FMLS #7421036
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: #7421036
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.