627 Mill Run Rd, Sautee Nacoochee, GA 30571
4 beds · 3 baths · 2,688 sqft
Welcome to your private Rustic Mountain Home on Mauldin Mill Creek with 300+/- feet water frontage. This beautiful cabin is complete with a vaulted beam ceiling, great room, stone fireplace, updated kitchen with granite counter tops, and stainless steel appliances. There are solid oak wood floors, T&G walls, and a split floor plan with 2 primary bedrooms and 9 ft ceilings on the main. A fully finished Terrace Level with interior and exterior entrances. A large Rec Room, Pool Table, 2 Bedrooms, a full bath, kitchenette, utility storage and safe room. Enjoy the soothing sounds of Water and relax from the main level (12x24) covered deck or from the downstairs concrete patio with Hot Tub, firepit, walkway & steps that lead to the water's edge. Added upgrades that have been completed on the home include -a retaining wall, french drain, zoysia grass, a 1000 gallon LP tank with 800 gallons of fuel, new doors, new windows,and gutters, a new well bladder and Generac generator (24w). All on a secluded cul-de-sac 1.7 acre lot with a total of 2,688 sq ft. gives plenty of space for full or part time living. This home has been a full time residence for the last 4.5 years but prior it was a vacation and rental home. It would be easy to make 2 rentals with the current setup if one was looking for a possible income producing property. Home listed below recent appraisal. Schedule your showing today! Most furnishings are negotiable.
Source: GAMLS #10282865
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10282865
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: #10282865
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.