92 Silver Birch Pass, Newnan, GA 30265
4 beds · 3 baths · 2,020 sqft
Get a free consultation call with an expert in the mortgage assumption process.
**MOTIVATED SELLER** THE ONLY BASEMENT HOME AVAILABLE *** 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, safety, 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. Washer/Dryer and garage refrigerator (moved to kitchen) REMAIN with the home. Don't miss this opportunity to experience the best of modern living in a welcoming neighborhood. Easy showing!
Source: GAMLS #10352110
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10352110
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.