55 Silhouette Ct, Newnan, GA 30265
2 beds · 2 baths · 1,633 sqft sqft
WOW! YOU WON'T WANT TO MISS THIS SPECTACULAR, NEWLY UPDATED RANCH HOME W/ DELIGHTFUL FRONT PORCH & DREAMY BACKYARD OASIS NESTLED AT END OF CUL DE SAC! Enjoy the big Front Porch, NEW smooth ceilings & NEW fresh white painted interior + NEW light fixtures. Wide Foyer & wide plank hardwood floors will greet you. Expansive Family rm w/ cozy gas log Fireplace & lg Dining area for your gatherings. BIG Kitchen w/ white cabinets & granite counters opens to Family rm. Enjoy Pantry, tile backsplash & under cabinet lighting. Lots of built-ins in the Sunroom area of Kitchen, perfect to showcase your plants or collectibles. Bright Windows let the sun shine in! Primary suite w/ walk in closet & marble counters on bathroom vanity. Secondary Bedroom located on the other side of home. Bright secondary Bathroom w/ tile floors, unique sink & bright transom window. Dreamy Backyard w/ wood Pergola w/ outdoor lighting & set on a beautiful paver patio. Patio recently extended making it a perfect place for grilling/gathering. Enjoy the abundance of flowering azaleas & perennials set amidst the backyard & enjoy a little shade from the Red Maple tree. Zoysia lawn is just the right size! Stepping stones enhance the backyard magic & lead to outdoor firepit perfect for cozy nights + Yard is NEWly fenced! Beautiful curb appeal at end of cul de sac and located next to a small sitting area & close to the walking path. *Seller is looking for buyer that has Flexibility with close date.* Enjoy Lawn maintenance, pressure washing & gutter cleaning as part of the features in the revered 'Retreat' of Summergrove. Close to main amenity center & Town Hall. Enjoy Summergrove's spectacular amenities to include 100 acre lake/3 pools/tennis/pickleball/golf course/club house and new "Linc" community walking trail. Near hospital/grocery/shops & restaurants of Ashley Park, close to I-85 & Atlanta airport.
Source: GAMLS #10392859
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10392859
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: #10392859
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.