550 Davis Rd, Fayetteville, GA 30215
4 beds · 3 baths · 3,425 sqft
This beautiful 4 bedroom, 3.5 bath home truly has something for everyone. Situated on 7.25ac, this home and property has just undergone over $150k worth of improvements. The entire interior has been completely transformed and professionally done. Large family room with hardwood floors and wood-burning stove. Separate dining room plus a new hallway that was added and leads into the large and bright sunroom with newly refinished hardwood floors. The large kitchen features plenty of counter space, newly painted cabinets with hidden hinges, new tile backsplash, new range, and new LVT flooring that runs throughout the kitchen, breakfast area, laundry room, half-bath, and private office. There is all new lighting as well as electrical outlets/switches throughout. There is a primary bedroom on the main and another that could function as that upstairs. On the main, the bedroom has newly refinished hardwood floors, large WIC, and bath with tile floors and large tile shower. The upstairs has 3 large bedrooms with new paint, carpet, and lighting. Two of the bedrooms have built-in storage as well as a built-in desk area. One could be a primary suite with a private bath with beautiful new quartz counters, newly painted vanity and mirror frame, as well as new LVP flooring and reglazed tub and shower. The second full bath has LVP flooring, beautiful quartz counters, painted vanity, new lights, fixtures, and reglazed walk-in shower. New paint throughout interior as well as all exterior structures. 42x26 detached shop with plenty of possibilities. Gorgeous salt water gunite pool with a raised hot tub surrounded by a vinyl fence. There is also a pool storage shed with electrical. Additional upgrades include a new architectural roof on the main house, detached shop, and pool shed. New HVAC upstairs as well as a new mini split system for the sunroom. A new asphalt driveway from the street to the home has been resealed, and additional asphalt leading to and around the shop. The property is served by 2 wells that have both recently been rebuilt. One serves the main house and the other can be used for anything. Septic was pumped within the past year. This property has so much to offer. Don't miss out on this great opportunity. ** Less than 10 min to Trilith Studios and USA Soccer National Training Center** Please use Showingtime.
Source: GAMLS #10383459
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10383459
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: #10383459
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