85 Providence Pkwy, Covington, GA 30014
6 beds · 4 baths · 4,120 sqft
WELCOME HOME! 6 bedroom/4 bathroom home on a finished basement is ready for you to move in! New roof (2023), newer appliances (2022), No-rot front door (2022), and more. Walk in to your two story foyer beaming with natural light. You will find a formal living room and separate formal dining room before walking into your beautiful kitchen complete with a breakfast bar, cherry cabinets, granite countertops, and stainless steel appliances (refrigerator stays)! On the main level you will also find an eat in kitchen, family room, guest/in-law suite, and a newer built deck overlooking the serene, fully fenced in backyard. Upstairs you will find 3 well appointed, LARGE secondary bedrooms, a laundry room (washer and dryer included), and secondary bath before entering into the HUGE Primary Suite. The primary Suite has an expansive sitting room, his and her closets, and a separate shower/tub, perfect for hiding out and relaxing. Ready to entertain? Then head down to the finished basement where you will find a large rec room, perfect for a theater set up, an additional guest room, a full bathroom, and an unfinished utility/storage space. Additional home perks include a 3 zoned irrigation system, fully functioning bluetooth intercom system, plus MUCH MORE! This home has been well maintained and is in a desirable neighborhood. Preferred lender Myron Fears, UMortgage 770) 689-6861 for lender incentives.
Source: GAMLS #10385325
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10385325
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: #10385325
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.