8 S Hughes St SW, Rome, GA 30165
3 beds · 2 baths · 2,006 sqft sqft
PRICE REDUCED! MOVE-IN READY!! LOCATION!! Welcome to this 3 bedroom, 2 bath home conveniently located minutes outside of vibrant downtown Rome!! If you are looking for a single-level home with MODERN updates and a bit of character, this is the One!! Over 2,000 square feet of space for comfort and relaxation! Enter the charming, covered porch to the bonus/sitting room that can be used as your office, media room or play area. Spacious OPEN CONCEPT kitchen, dining and living area! This delightful home features NEW interior paint, new sliding barn door, new crown molding and baseboards installed. The kitchen features sleek Granite countertops and newer Stainless Steel appliances. Retreat to the serene primary bathroom featuring an updated shower, new vanity, light fixtures and mirror. The home has two wood burning fireplaces, a carport with space for two cars and STORAGE, long driveway for extra parking, and a leveled backyard ideal for entertaining and gardening! NEST Thermostat installed. Public water and public sewer. Great location to schools, Atrium Health Floyd Medical Center, Shorter College, short distance to downtown Rome with dining and entertainment and short commute to Berry College. Hwy 20/411 Access to I-75 Access. No HOA, great starter home or rental investment opportunity! What are you waiting for? Call this one your home sweet home! **Preferred lender will contribute up to 2% of price or $4,500 for rate relief subject to qualification.** APPOINTMENT REQUIRED.
Source: GAMLS #10342721
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10342721
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: #10342721
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.