See Similar Listings
Real Estate and Homes   USA   AL   Columbus Area   Smiths Station   Single-Family Home   3 BR -

90 Lee Road 2005 | Smiths Station AL | 3592939093

Lives in 36877 · View My Profile

You have no shared connections.

Joined: May 5, 2013

Nice Smiths Station Home W/Assumable Mortgage

Listing is Expired
We're sorry, the listing is no longer active.
Nice Smiths Station Home W/Assumable Mortgage at 90 Lee Road 2005 in Smiths Station AL is a Single-Family Home
1 / 9
Need to move out of state
3 BR, 2 BA
90 Lee Road 2005, Smiths Station, AL

The home features a brand new roof with architectural shingles. Exterior of the house was painted within the last 2 years as well as the interior. It also has a clean steel dishwasher and above range microwave installed within the last 2 years. New 50 gallon water heater. Special ceilings in living room and master bedroom, wood burning fireplace, walk in closet in master. There is a concrete patio overlooking the large, partially wooded backyard. Home located in USDA area, may qualify for USDA financing. Home has a VA assumable loan option which buyer can take advantage of. Seller is only asking what is remaining on the balance due. Our loss is your gain. Seller is motivated and wants to move out of state. An assumable mortgage is simply a mortgage that can be taken over by a third party and leaves the terms and conditions of the original mortgage in place. Specifically, it allows a buyer to assume the rate, repayment period, current principal balance and other terms of the seller's existing mortgage rather than obtaining a brand-new mortgage. There is a modest assumption fee consisting of updated title work and closing attorney's fees which all totaled is less than $900, so it is a small fraction of what it would cost of closing a new mortgage. This is another big potential advantage for the buyer if the existing mortgage terms are more attractive than obtaining a new mortgage. The purchaser assuming the VA loan payments does not have to be a veteran. The buyer has to go through a credit check just like anyone who is applying for a mortgage and would have to meet the same credit criteria as someone getting a new mortgage. In essence, the lender who holds the mortgage has to approve the assumption. Lender: Bank of America. Interest rate: 3.875. Current Monthly Payments, including Taxes & Insurance: $612.76 w/ Alabama Homestead Act. Potential income as investment property: $900+For any further information please contact James at 706-315-4444. For more pics see:
Property Type:
Single-Family Houses
Sq feet:
1,290 sq. ft.
Dishwasher, Fireplace, Patio/Deck
For sale by:
By Owner
February 1 on Oodle
  1. James W. Let me know if you have any questions. – James W.
Ask a question or leave a comment...
Important Safety Tips

These might be signs of fraud:

  • Really cheap prices
  • Irregular email adresses
  • Contact info in pictures

To learn more, visit the Safety Center or click here to report this listing.

More About this Listing: Nice Smiths Station Home W/Assumable Mortgage
Nice Smiths Station Home W/Assumable Mortgage is a Three Bedroom Two Bath Single-Family Homes for Sale at 90 Lee Road 2005 in Smiths Station AL. Find other listings like Nice Smiths Station Home W/Assumable Mortgage and listings near 90 Lee Road 2005 by searching Oodle Marketplace for Three Bedroom Two Bath Single-Family Homes for Sale in Smiths Station AL.