Spacious 3 bedroom and 3 full bathroom townhome in a tree-lined, gated community. These townhomes do not have shared walls but instead are attached in the rear by their storage units. Only 3 miles from East Atlanta Village shops and restaurants, this home is also, less than 2.5 miles from the new Halidom Food Hall, with its 10 food stalls and full cocktail bar. With it's central location, it's only minutes from I-20, downtown and midtown Atlanta. The home features a 2-story living room with 20-foot ceilings, a wood-burning fireplace and newly refinished hardwood floors. The gorgeous eat-in kitchen has upgraded slate tile floors, new quartz kitchen countertops and new stainless steel appliances. Each of the 3 full bathrooms have been updated with new vanities and fixtures. Both the interior and exterior of the home have been freshly painted. In addition, the home has a new roof and gutters that are barely 3 years old. The 2nd floor boasts a large master suite with vaulted ceilings and a spacious master bathroom with a new dual vanity and a soaking tub. The laundry room is conveniently located on the 2nd floor with washer and dryer included. The home's outdoor space has been upgraded with a large, fenced-in concrete patio perfect for relaxing or entertaining. It also has a 1-car garage as well as two exterior storage units. The community is beautifully maintained by a Home Owners Association that provides professional landscaping of all common areas including the home's front yard, the community gazebo and community dog park. Nearby Amenities: -Halidom Food Hall (2.4 miles) -East Atlanta Village (3 miles) -Eastlake Publix - (3.4 miles) -Eastside Beltline Trail - (4 miles) -Madison Yards AMC Theatre (4.2 miles) -Glenwood Park Kroger - (4.2 miles) -Edgewood Retail District (Target, Lowe's, Kroger, Five Guys, BestBuy) - (4.3 miles) -Krog Street Market - (5 miles) -Ponce City Market - (6.4 miles)
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
