775 Markhams Dr, Madison, GA 30650
3 beds · 2 baths · 2,052 sqft
Welcome to this stunning home, perfectly located just minutes from Downtown Madison in the highly sought-after White Oak Preserve neighborhood. Inspired by classic Charleston architecture, this two-story antebellum-style home boasts double front porches, offering timeless charm and modern comfort. Step inside to discover an open floor plan adorned with beautiful hardwood floors throughout the main level. The beautifully designed kitchen features granite countertops, stainless steel appliances, and space to entertain. The owner's suite includes a spacious walk-in closet, a private bathroom with double vanities, a tiled shower, and a relaxing jetted tub. Best of all, it provides private access to a cozy porch-ideal for savoring your morning coffee or indulging in an afternoon read. Upstairs, you'll also find two additional bedrooms and a full bathroom, as providing ample space for family or guests. This prime location is just a short stroll from Downtown Madison's vibrant restaurants, shops, schools, and more. With no HOA in place, White Oak Preserve offers the perfect blend of community and freedom. Don't miss the opportunity to make this exceptional home yours!
Source: GAMLS #10443169
Financials
Source: GAMLS #10443169
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.
