829 Swain Rd, Commerce, GA 30530
3 beds · 3 baths · 2,996 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Experience the beauty and tranquility of this remarkable 10-acre property, where modern comfort meets timeless charm. A gorgeous wraparound porch welcomes you home, offering breathtaking wooded views and the perfect spot to relax and enjoy nature. Inside, the warm and inviting living space is anchored by a beautiful wood-burning fireplace, creating a cozy atmosphere at the heart of the home. A versatile bonus room offers endless possibilities it can be used as a home office, library, or additional sitting area to suit your needs. The spacious kitchen is designed with both style and function in mind, featuring gleaming granite countertops, custom cabinetry with ample storage, and all stainless steel appliances. The thoughtful layout ensures ease of movement, whether you're cooking a family meal or entertaining guests. The main-level master suite provides a peaceful retreat with easy access and a well-appointed ensuite bath. Downstairs, an expansive unfinished basement offers limitless potential customize it to fit your lifestyle, whether as a home theater, gym, or additional living quarters. Both attached and detached garages provide generous storage and workspace, ideal for vehicles, hobbies, or equipment. There is an additional concrete pad on the property with electric, septic and water. Could be used for camper/rv parking or barn site. This exceptional home offers privacy and stunning natural surroundings for outdoor enjoyment. Conveniently located just a short drive from shopping, dining, and other amenities, this property is a must-see call or text RU4 Homes Team for a private showing today! Move Up to Any One of Our Listings, We'll Buy Your Home for CASH!* Shown by appointment only. Please do not drive by without scheduled appointment.
Source: FMLS #7539971
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7539971
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.