93 Stoney Ledge Rd, Fairmount, GA 30139
4 beds · 3 baths · 2,617 sqft
Mountain views, lakefront, 4.38 acres of unrestricted land, totally remodeled home... say no more! Step into your own private retreat at 93 Stoney Ledge Road, located on the west side of Pickens County. This stunning property features its own private lake and is tucked away at the end of a secluded, dead-end road, offering ultimate privacy. Nestled on 4.38 acres of unrestricted land, this updated home boasts an open-concept kitchen, living, and dining area with beautiful hardwood floors throughout. The chef’s dream kitchen includes a large island, a walk-in pantry, ample cabinetry, and two sinks for added convenience. Large windows allow for plenty of natural light while providing picturesque views of the lake. The master suite on the main level offers exceptional accessibility, while the cozy loft overlooking the living room creates a warm and inviting space for guests. Each main-level bedroom features its own private en-suite bathroom for ultimate comfort and convenience. Currently, the second bedroom has been transformed into a spacious master closet, adding a touch of luxury to the suite. The fully finished basement adds even more living space, featuring an additional bedroom, a full bathroom, and a versatile living area. The drive-under garage is perfect for parking a boat or setting up a workshop. Additionally, there is an outbuilding at the end of the private road on the property, providing extra storage. This unique and beautiful property is perfect for long-term living or a short-term Airbnb rental. With endless potential, it’s a rare find—don’t miss your chance to see it before it’s gone! This charming home has a VA assumable loan for qualified buyers.. call to see if you qualify today for this rare 3% interest rate!
Source: FMLS #7529905
Financials
Source: FMLS #7529905
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.