56 Cedar Dr, Saint Marys, GA 31558
4 beds · - baths · sqft
This contemporary home nestled under the oak trees was designed by an architect and has a fantastic floor plan with timeless designs. It is also geothermal cooled which helps save the planet. It is 4 bedrooms with 2 baths, located on a spacious lot. The great room is the heart of the home with a large wood-burning fireplace. Spiral stairs lead up to a loft that overlooks the great room. The vintage 1979 wallpaper on the connecting wall from the sunken dining room to the great room adds to the timeless charm of this home. There is a room off of the loft area that has been used as a bedroom with built-in bunk beds. The home is energy efficient and the windows are hurricane resistant. The well pump was replaced in August 2024. The roof was replaced in 2021. The owners will leave the original blueprints and all the receipts for the home. The home sits on half an acre of a beautiful yard with shady oaks. Large laundry/mud room with storage space. Oversized garage can accommodate all of the tools.
Source: GAMLS #10427615
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10427615
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: #10427615
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.