6 River St SW, Cave Spring, GA 30124
5 beds · 3 baths · 3,739 sqft
Elegant and historic, 1870's Victorian Gothic-style home on River Street in Downtown Cave Spring, GA, offers 5 bedrooms and 3.5 baths, just steps from shopping, dining, and the local grocery store, blending small-town charm with modern convenience. Nestled on 1.2 lush acres, the property features a large entertaining deck, a covered porch, and a sprawling side yard shaded by mature pecan and peach trees, with ample space for a pool or additional home. A picturesque gazebo front porch with a swing bench invites you to enjoy morning coffee or stunning sunsets. Inside, a grand formal entryway showcases an architectural stairway, leading to a light-filled formal living room with a bay window, decorative fireplace, bookcase, and double-door porch entry, which seamlessly connects to a cozy family room with another decorative fireplace, bookcase, a powder room, and a laundry/mudroom. The main floor boasts an owner's suite with a decorative fireplace, bookcase, private den/study with porch access, a luxurious bath with dual vanities, two toilets, a walk-in tile shower, spa jetted tub, walk-in closet, and mudroom access to the side yard. A spacious guest suite with soaring ceilings and an en-suite bath offers the perfect retreat for in-laws or a second owner's suite. The heart of the home is the bright, open chef's kitchen with towering ceilings, 42" glass-door cabinetry, a large cooktop island, three workstations, a coffee bar, a butler's pantry, tile countertops, stainless steel appliances-including a wall-mounted oven, microwave, and smooth cooktop-and a massive walk-in pantry. Entertain effortlessly in the formal dining room with space for a piano or in the expansive sunroom/rec room with a kitchen bar, opening to a private, fenced play yard. Upstairs, three oversized guest bedrooms share a full bath, while throughout the home, exquisite architectural craftsmanship shines, with 10 decorative fireplaces, 12-ft ceilings, original bay windows, and gleaming wood floors. A covered two-car carport and a separate two-car/RV parking garage in the rear add convenience. This stunning home offers the best of both worlds-timeless historic charm with modern upgrades-all just minutes from the mineral springs and hiking trails of Cave Spring, 30 minutes from Cedar Bluff, AL, for lake living, and 14 minutes from Cherokee Golf & Country Club and Cedartown shopping and dining. Don't miss this rare opportunity-schedule your private tour today!
Source: GAMLS #10484063
Financials
Source: Public records
Source: GAMLS #10484063
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.