55 High Garden Ter, Newnan, GA 30263
4 beds · 4 baths · 2,640 sqft
Welcome Home to this Move-in Ready Beautiful Craftsman Style 4 Bedroom 4 Full Bathroom Home in Lovely Lake Redwine with a Brand New Roof (installed after photos taken) A Tree-Lined Drive on Beloved High Garden Terrace Brings You Home. You are Welcomed by a Southern Living Front Porch complete with a Swing. Stunning Two Story Foyer Leads to Your Formal Dining Room. Gourmet Kitchen with Gas Cooktop, Warming Drawer, Stainless Steel Appliances, Built-in Pantry and Bar Seating. Open to the Kitchen is Your Large Breakfast Nook with Custom Built-in Cabinets Ideal for Your Daily Drop-Zone and Extra Kitchen Storage. Spacious Family Room with Gas Fireplace Features French Doors that Lead to Your Beautiful Vaulted Screened Porch, Extends Your Living Space and Overlooks Your Large Green Backyard with Seasonal Lake Views! Screen Porch Leads to the Large Composite Deck for Grilling and Entertaining. Guest Room and Full Bath Complete the Main Floor. Primary Suite Features Two Separate Sink Areas, Makeup Vanity, Water Closet, Large Soaking Tub and Separate Shower. Primary Suite also Features Two Separate Walk-in Closets. Upstairs You Will also Enjoy 2 Additional Bedrooms, each with En-suite Baths, Laundry Room and Large Bonus Room. Full Unfinished Daylight Basement is Stubbed for Full Bath and Already has a Convenient Utility Sink. Storage and Creative Spaces Abound in this Unfinished Space with Endless Potential - Prime for an Additional Bed and Bath. French Doors from the Basement Lead to Your Spacious Backyard. Additional Features in this 2,640 sq ft home Include a Multi-Zoned AC System, Tankless Gas Water Heater, Central Vacuum System Throughout, Garage Utility Sink, and NEW ROOF. Transom Windows, Heavy Trim and Moldings and Plantation Shutters add to the Charm. Enjoy 10 ft Ceilings on Main Floor and 9 ft ceilings Upstairs. There is Truly Something Special About the Tree Lined Beauty on High Garden Terrace. Mature Trees and Landscaping Abound on this Charming Street. You'll have Easy Access to the Kayak Launch on South Shore connected to High Garden via the Walking Path and Easily Stroll Through the Pocket Park on High Garden. Enjoy Lake Redwine Amenities with a 300 Acre Lake with Marina and Boat Launch, 2 Swimming Pools, Kayak/Paddleboard Launch, Tennis and Pickle Ball Courts, Clubhouse, Playground, Food Truck Nights and Regular Social Events.
Source: GAMLS #10355712
Source: GAMLS #10355712
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: #10355712