7671 WATSON CIR, Locust Grove, GA 30248
The spacious home features 5 bedrooms, 3 full baths, and a 2-car garage located in the beautiful Heron Bay community. The residence seamlessly combines style and functionality. Whether you're working from home in the versatile flex space, entertaining guests around the large kitchen island, or simply unwinding in the sunlit Family Room with patio access, this floorplan is designed to enhance your lifestyle. Upstairs, explore a carefully designed loft illuminated by natural light, creating an ideal area for a variety of activities. Retreat to the expansive Primary Suite, complete with a cozy sitting area and a generously sized walk-in closet, offering both comfort and convenience. Your dream home awaits! Heron Bay offers a comprehensive suite of amenities designed to cater to a wide range of interests and lifestyles. At the heart of this vibrant community is the Lakefront Park, where residents can enjoy scenic views and outdoor activities. For golf enthusiasts, the Heron Bay Golf and Country Club provides a challenging and beautifully maintained course. Families and active residents will appreciate the aquatic center, tennis courts, and nature trails, which offer ample opportunities for leisure and exercise. Additionally, the community boasts a fitness center and children's play areas, ensuring that residents of all ages have access to recreational facilities. Heron Bay's commitment to a high quality of life is further reflected in its planned social events and activities, fostering a strong sense of community among residents. Washer and Dryer included. The carpet will be replaced in one bedroom upstairs. Heron Bay is dedicated to ensuring the beauty, safety, and stability of the area, promoting neighborliness and pride among the residents, and forming a base for representation in matters affecting the community.
You may be able to put down less than the total down payment amount of $161,250 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: #10328740
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.