536 Smokerise Dr, Monroe, GA 30656
5 beds · 3 baths · 2,995 sqft sqft
Lovely ranch home with A NEW ROOF on a peaceful 1 ACRE lot, wooded view, no rear neighbors, and a HOT TUB, all while being located in the highly sought after Monroe School District. A FRESHLY PAINTED EXTERIOR compliments the light brick, stacked stone, and cedar shaker accent peak. An extended driveway for ease of parking and storing your vehicles within the side facing two-car garage. The front porch provides ample space to create a sitting area to enjoy your morning coffee or welcome visitors as they arrive. Entering the foyer, you'll have views of the open and airy main living space with a formal dining room and an adjoining family room. Wainscoting, tray ceilings, column entryways, transom windows, crown molding, and hardwood floors throughout, truly give this home an elevated feel. The family room shows off custom built-ins that surround the brick fireplace and recessed lighting to showcase some of your favorite pieces upon the mantle. Look forward to many memories being made this holiday season as you prepare your favorite meals and indulge in all the goodness that comes with hosting loved ones in your new home. The kitchen is equipped with a breakfast bar and breakfast room for extra dining space, granite counter tops, travertine backsplash, beautifully stained cabinets, DOUBLE OVEN, cooktop, and desirable lighting. French doors in the heart of the home lead to the covered back patio with dual ceiling fans and a space to create the perfect outdoor retreat. Laundry just became easier as the laundry room has a deep wash sink, and a ton of storage cabinets. The primary suite features a JETTED TUB, walk-in shower, and a long double vanity providing lots of space to get ready. Three more great sized bedrooms on the main floor, including one that serves as an ON-SUITE perfect for guests. BONUS BEDROOM upstairs! Design your dream outdoor space within the FENCED BACKYARD that includes a walkway from the covered patio to the hot tub gazebo! An extended portion of the patio features a gas grill encased in stacked stone with a flagstone top to hold all of your cooking necessities. Imagine spending nights within the comfort of your own home as you enjoy this well constructed outdoor space, just needing your personalized touch. Maybe a TV, bar, fire pit and more! There's even room for a pool!! Easily store your tools and outdoor equipment in the two-story shed. Need access to the shed from the driveway? That's no problem as there's a double-gated entry for easy backyard access. This home also comes with a swing set, irrigation system, security system, outdoor lighting, and a WHOLE HOME WATER PURIFICATION system. The community of Sunrise offers a serene pond where you can enjoy a quiet escape under the covered benches. Minutes from Downtown Monroe for a hometown shopping and dining experience. Nearby parks and walking trails, playgrounds, golf courses, and more. Away from the hustle and bustle but still conveniently located near major highways for an easy commute as well as local events and year-around activities for the whole family!
Source: GAMLS #10395629
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10395629
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: #10395629
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.