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© 2026 Veribas Real Estate LLC · (833) 837-4227 · Georgia Broker Lic. H-81905 · Qualifying Broker: Ahsan Charania, GREC #417366. Veribas Real Estate LLC is a licensed Georgia real estate brokerage. We are not a lender or mortgage loan originator; all financing is provided by independent NMLS-licensed lenders, and payment figures on this site are estimates only. Listing information is deemed reliable but not guaranteed and should be independently verified. We are committed to the federal Fair Housing Act and the Equal Credit Opportunity Act.

1110 Summit Circle, Watkinsville, GA 30677

Great deal

Priced about $326,250 (22%) below comparable homes. Estimated market value $1,476,250, based on 62 comparable homes in the metro.

Estimate from Veribas listing comps — a guide, not an appraisal.

About this home

***VA ASSUMABLE MORTGAGE at 2.75%! Qualified VA buyer may assume the seller's existing VA loan with an approximate $550k balance at 2.75% interest, subject to lender/servicer approval and VA requirements.*** Tucked away in the sought-after Summit Grove community in Watkinsville, this exceptional and unique estate offers the perfect blend of privacy, space, and convenience.…

Master on mainPoolBasementGarageRenovated

Listing remarks courtesy of Freedom Realty USA.

Listing courtesy of Freedom Realty USA· GAMLS #10738717

706-395-5211

Assumable loan

Assumable 2.75% VA loan

The listing says a qualified buyer can take over the seller’s existing VA mortgage and keep its 2.75% rate. The low rate covers only the loan balance; the rest of the price is yours to bring, in cash or with a second loan.

Rate (per listing)

2.75% (not an APR)

Lender

Not published

Loan term

Not published

Started

Not published

The rate is as the listing agent states it in the description. Ask below and we’ll confirm it, the lender and the loan term with the listing agent.

About $279/mo less per $100,000 of balance you assume, compared with a new 30-year loan at today’s 7.32% national average.

What you’d bring to closing

Loan balance you take over$

At 2.75%, about 25 years left$2,537/mo

Gap between price and balance$600,000

Finance part of the gap with a second loan (up to 90% of the price combined)

Second loan, assumed at %$485,000 · $3,729/mo

Blended rate on everything you borrow5.44%

Down payment with the second loan$115,000

Principal & interest$6,266/mo

Plus closing costs, taxes and insurance. The second-loan rate is an assumption you can change, not a quote. A lender prices the real one.

Finance the rest of the down payment

A partner lender can quote a second loan for the gap and check you for the assumption.

More homes with assumable loans

Rates, lenders, terms and balances come from three places only: the listing agent's own remarks; the FHA loan in HUD's public FHA Single Family Portfolio Snapshot that matches the owner's recorded MLS purchase to the dollar (shown as "Likely"; the lender named is the loan's original lender, which may no longer service it, and the balance is the original loan paid down on schedule, so the loan may since have been refinanced, modified or paid down faster); or a Veribas agent's confirmation with the listing agent. A rate is shown when the listing description states it (labelled as such) or when its lender and loan term are known; payments are shown only when the lender and term are known. Otherwise ask and we'll get them. Rates shown are the existing loan's note rate, not an annual percentage rate (APR), and not an offer of credit from Veribas. Payments shown are principal, interest and estimated property taxes; homeowners insurance, FHA mortgage insurance, VA or FHA assumption fees and HOA dues are extra, so the actual payment will be higher. Down payments assume a second loan at 8.5% over 30 years up to 90% of the price combined; that is an illustration, not a loan offer. The loan servicer (and, for VA loans, the VA) approves every assumption, and the buyer must qualify. VA loans can be assumed by non-veterans, but the seller's VA entitlement stays tied to the loan unless the buyer is a veteran who substitutes theirs. Verify the rate, lender, term and balance with the listing agent before you offer.

Down payment assistance

Upper-income census tract 13219030402 · Oconee County · FFIEC 2026

Georgia Dream down payment assistance

Up to $10,000 or 5% of the price · Deferred loan (0% — repaid on sale, refinance or payoff)

For down payment. First-time buyers only. 640+ credit score. Ends Dec 31, 2026.

The State of Georgia's program (Georgia DCA), offered through Southeast Mortgage. A 0% second mortgage with no monthly payment covers 5% of the price up to $10,000 (6% up to $12,500 for nurses, educators, public protectors and households with a disabled member); repaid when you sell, refinance or move out. First-time buyers (no home in 3 years; waived in targeted areas and for veterans), household income and price limits by county, 640+ credit, $1,000 of your own money, homebuyer education. Source: dca.georgia.gov and southeastmortgage.com/uga (checked 2026-09-24).

Chenoa Fund down payment assistance

5% of the price · Forgivable loan (forgiven after a set time in the home)

For down payment. 600+ credit score. Ends Dec 31, 2026.

A second mortgage for 3.5% or 5% of the price, paired with an FHA loan through Southeast Mortgage. The forgivable version is 0% and forgiven after 36 on-time payments (due in full if you sell or refinance sooner); a repayable version is paid monthly over 10 years. No income limit, repeat buyers welcome, 600+ credit. Source: chenoafund.org and southeastmortgage.com/uga (checked 2026-09-24).

Georgia Dream down payment assistance

Up to $10,000 or 5% of the price · Deferred loan (0% — repaid on sale, refinance or payoff)

For down payment. First-time buyers only. 640+ credit score. Ends Dec 31, 2026.

The State of Georgia's program (Georgia DCA), offered through Truist, a Georgia Dream participating lender. A 0% second mortgage with no monthly payment covers 5% of the price up to $10,000 (6% up to $12,500 for nurses, educators, public protectors and households with a disabled member); repaid when you sell, refinance or move out. First-time buyers (no home in 3 years; waived in targeted areas and for veterans), household income and price limits by county, 640+ credit, $1,000 of your own money, homebuyer education. Source: dca.georgia.gov (lender list and program matrix, checked 2026-09-24).

Truist Community Homeownership Incentive Program (CHIP)

up to 100% financing · Low down payment loan (the home loan itself — little or nothing down)

For down payment, mortgage insurance. Ends Dec 31, 2026.

A Truist home loan with little or nothing down — not a grant. Up to 100% financing in the Atlanta-Sandy Springs-Alpharetta metro and up to 97% elsewhere, no mortgage insurance, at least $500 of your own money, 30-year fixed up to the conforming limit. Income limits and homebuyer education may apply. Source: truist.com/mortgage/affordable-home-loan-options (checked 2026-09-24).

Programs are published by the lenders, who set and confirm eligibility. The home's census tract is one requirement; buyer income, credit and other rules also apply.