77 Ridge Creek Dr, Nicholson, GA 30565
4 beds · 4 baths · 2,970 sqft
Beautiful Gated Home on 3+ Acres - A Private Retreat with Endless Features. The 3-bedroom, 2.5-bath main house boasts a wraparound covered porch, white kitchen cabinets, granite countertops, Upgraded Stainless Steel Appliances, True Hardwood Flooring, Upgraded Light Fixtures, and a luxurious master suite complete with a cast iron soaking tub. Upstairs, two bedrooms share a Jack and Jill bathroom. With ample storage throughout, this home meets all your needs. Outside, a beautiful courtyard with a fire pit provides the perfect setting for entertaining. Private lot, Newer Roof, A detached garage with Workshop and recently remodeled garage apartment upstairs offers additional living space, featuring a bedroom, bathroom, and more ideal for guests or rental income. With professional landscaping, a serene wooded backdrop, private yard with beautiful creek! This gated estate offers a perfect blend of privacy, elegance, and convenience. Located just minutes from Athens, Commerce, and I-85, this one-of-a-kind property is ideal for those seeking a peaceful retreat with easy access to modern amenities.
Source: FMLS #7543732
Financials
Source: FMLS #7543732
Source: Public records
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%. 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.
Other resourcesWhat 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.