6801 LOUIS DR, Locust Grove, GA 30248
A stunning 5 bedroom 4.5 bath home located in prestigious Heron Bay Golf community is just what you are looking for! Home backs to golf course for a view of the course and woods and the homesite is level and over a half-acre with a level driveway. Maintenance will be a breeze since the homesite is practically level. This gently lived in home has features that more expensive homes offer. You will find REAL hardwood flooring as you enter which flows from the foyer to the kitchen and breakfast room. The foyer is flanked by a banquet sized dining room with a pretty trey ceiling and butlers pantry between kitchen and dining room. and office/flex room with French door entry. A very spacious family room boasts a marble surrounding fireplace and triple window view to the rear yard and course. The kitchen is open to the family room and offers an abundance of stained cabinetry, subway tile backsplash, walk in pantry, and a center work island. The countertops are Granite. You will also enjoy the designated breakfast area adjoining the kitchen. The main level boasts a generously sized guest room with a full bath. There is also a powder room on this level. The upper level is complete with 4 additional bedrooms and 3 full baths. The master suite is oversized and has a deep trey ceiling and will accommodate the largest of furnishings. Generously sized bedrooms will make living easy in this home for the whole family! Colors are neutral throughout and await your personal touches. There is a pretty covered rear porch for your outside time just enjoying the view. The laundry room is even oversized! The community offers world class amenities including a pool with a large mushroom splash pad and double waterslide into the pool. HOW FUN! Make a visit today to this home and you will love it!
You may be able to put down less than the total down payment amount of $260,800 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #7375651