9140 N Links Dr, Covington, GA 30014
9 beds · 5 baths · 5,772 sqft
Back on the market! This exceptional property has undergone some recent updates, presenting a remarkable opportunity for first-time buyers looking to secure a valuable estate. This all-brick home combines elegance with functionality, boasting high, cathedral ceilings, a beautifully designed floor plan, and a spacious kitchen with elegant stone finishes and glass accents. The dining room features marble flooring, adding a touch of luxury to your dining experience. Highlights include a huge back deck and an expansive sunroom, making it an ideal space for both relaxation and holiday entertaining. The fully finished basement comes complete with a separate entrance and dedicated parking, offering the option for passive income. Adding to its appeal, the basement features a stunning sky room, enhancing the livability and unique charm of this level. Nestled on a desirable corner lot, this home checks all the boxes with an ideal floor plan and recent updates to the kitchen and baths. Conveniently located just minutes from I-20 and downtown Covington, this residence provides ease of access to everything you need. DonCOt miss the chance to make this dream home yours!
Source: GAMLS #10410682
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10410682
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: #10410682
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.