530 Franklin St, Rockmart, GA 30153
4 beds · 1 baths · 1,259 sqft sqft
***INVESTOR OPPORTUNITY*** || NO HOA || || STEPLESS RANCH || || CLOSE TO HISTORIC ROCKMART & SILVER COMET TRAIL || || ALL BRICK CONSTRUCTION || || GENUINE HARDWOODS & CERAMIC TILE || || REAL GRANITE COUNTERTOPS || || ENERGY-EFFICIENT INSULATION & WINDOWS || || BEAUTIFUL BLACK WALNUT TREE & SPACIOUS YARD || || EASY ACCESS TO PARKS, TRAILS, AND COMMUNITY AMENITIES || ****Investor Opportunity!**** This property is a prime investment with NO HOA fees, giving you complete freedom and flexibility. The ALL BRICK STEPLESS RANCH offers durability and low maintenance, appealing to renters or long-term tenants. The GENUINE HARDWOOD FLOORS and CERAMIC TILE make the home both attractive and easy to maintain, while the REAL GRANITE COUNTERTOPS add a high-end touch without the hassle of constant upkeep. ***Low-Cost Maintenance*** With ENERGY-EFFICIENT INSULATION and INSULATED WINDOWS, this home is designed to keep utility costs down, maximizing your return on investment. The SPACIOUS YARD features a BLACK WALNUT TREE offering a natural shade, reducing landscaping expenses while enhancing the curb appeal. ***Desirable Location*** This property is just minutes from HISTORIC DOWNTOWN ROCKMART and SILVER COMET TRAIL, which will appeal to future tenants or buyers looking for easy access to recreational areas and community amenities. With parks, tennis courts, and baseball fields nearby, this home is ideally located for anyone seeking outdoor activities. ***Move-In Ready*** Turnkey and ready to rent or resell, this home offers solid construction and a functional layout. Perfect for investors looking to add a low-maintenance, high-quality property to their portfolio. Don't miss out on this ALL BRICK, NO HOA gem in a prime location-whether you're looking to rent, flip, or hold for long-term gains, this one checks all the boxes! Priced to sell and move-in ready!
Source: GAMLS #10349843
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10349843
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: #10349843
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.