9042 Holder Rd, Locust Grove, GA 30248
5 beds · 3 baths · 2,576 sqft sqft
Nestled within the tranquil Grove Village gated community, this immaculate residence, just three years young, exudes modern comfort and craftsman charm. Boasting five generously proportioned bedrooms and three full baths, the home is designed for both relaxation and entertaining. The heart of the home is its inviting open family room, complete with a brick hearth wood-burning fireplace seamlessly flowing into a chef-inspired kitchen. Adorned with granite countertops, stainless steel appliances, 42" cabinets, and a stylish backsplash, the kitchen includes an island perfect for culinary endeavors and social gatherings. A flexible lower level offers a multipurpose room ideal for formal dining or a home office, catering effortlessly to today's lifestyle needs. A guest bedroom with a full bath on the main level ensures comfort and privacy for visitors or older children. Upstairs, the expansive owner's suite awaits, featuring a sitting area, vaulted ceiling, and a private spa bath-a serene retreat boasting a garden tub with tile surround, a separate shower, double vanity, and an oversized walk-in closet. Each secondary bedroom offers vaulted ceilings and ample closet space, with all bathrooms thoughtfully equipped with linen closets. Convenience meets functionality with a second-level laundry room with shelving for added storage. Outside, the leveled and sodded patio and backyard beckon for outdoor enjoyment. Residents of Grove Village enjoy an array of community amenities, including a soccer field, playground, fenced basketball area, and scenic walking trails. Located mere minutes from Tanger Outlets, I-75, and acclaimed schools, this home offers comfort and convenience. The seller is willing to contribute $5,000 towards closing. With our PREFERRED LENDER, this home qualifies for $15,000 in grants, which could be used for a downpayment or closing + a $1,500 lender credit. This home is also USDA eligible with 100% financing available. Homes for Heroes Rewards are also available.
Source: GAMLS #10335853
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10335853
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: #10335853
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.