92 SILVER BIRCH PASS, Newnan, GA 30265
Welcome to this charming home nestled in the coveted Poplar Preserve neighborhood, just moments away from the upcoming Outlet Mall. This rare basement home offers a seamless blend of modern design and cozy comfort, perfect for both relaxation and entertaining. Step into the spacious kitchen, where an expansive island provides ample room for meal prep, buffet serving, and casual dining. The kitchen overlooks the family room, creating a warm and inviting atmosphere. Additionally, the breakfast nook offers extra seating and the perfect spot to enjoy a morning cup of coffee. As you make your way upstairs, you'll discover an oversized primary suite featuring a beautiful bath and a generously sized walk-in closet. Three additional well-proportioned bedrooms, a full bath, and a convenient laundry closet complete the second level, providing a perfect balance of space and functionality. The unfinished basement presents incredible storage space and the exciting potential for additional living areas, with plumbing already stubbed in for convenience. Outside, the back deck offers a peaceful retreat, allowing you to relax and take in the tranquil wooded view. The property's proximity to the community pool makes it effortlessly convenient to enjoy leisurely afternoons without the hassle of loading up the car. Plus, the low-maintenance yard provides the freedom to fully embrace the community perks without the burden of extensive upkeep. Stay tuned for professional photos, which will showcase the home's beauty and charm. Washer/Dryer and Refrigerator can be purchased in separate bill of sale. Buyer to confirm association fees. Don't miss this opportunity to experience the best of modern living in a welcoming neighborhood.
You may be able to put down less than the total down payment amount of $49,716 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10352110