151 Mark Ln SE, Smyrna, GA 30082
4 beds · 4 baths · 4,048 sqft
Get a free consultation call with an expert in the mortgage assumption process.
A refined and private retreat awaits. This home presents a unique opportunity to live only minutes from downtown Smyrna! This Sprawling Brick Ranch features an open and sun filled layout with custom trim and accents throughout. This lovely home has a finished basement apartment complete with kitchenette that can serve as an inviting space for visitors or can be used as an income producing unit with no rental restrictions! The property sits on almost a full acre and has a huge newly restored Barn to serve as a perfect space for large gatherings, outdoor activities, and extra storage. Lovingly cared for and maintained with custom brick flooring in living room, custom plantation shutters, and recessed lighting on main floor. The Chef kitchen features granite counters, custom white cabinetry and stainless-steel appliances featuring a new SS Microwave located in the island. The open primary bedroom on main features a sizeable master bath with separate Tub and shower and dual vanity. The Primary closet is a custom build by California Closets. There are also custom California Closet systems in the Laundry room, Hall closet, and secondary bedroom. In addition to the finished apartment suite, The basement terrace level features: large bonus room, Quaint library reading room, extra unfinished bedroom space and a secondary garage that can perfectly serve as a large workshop. The back deck is newly finished with trex all weather decking and privacy screen. The back yard features a new property privacy fence, beautiful hardwood canopy and an open, well-maintained lawn that gets ample sunlight for enjoying the property year round. Home is vacant and virtually staged
Source: FMLS #7554198
Source: FMLS #7554198
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 and Equal Opportunity Act.