Welcome to your dream home in the charming neighborhood of East Atlanta! 4 bedrooms 2 bathrooms This beautifully renovated home exquisitely combines quaint charm with modern sophistication, creating a welcoming atmosphere that captivates from the moment you step inside. The luxury kitchen, equipped with high-end appliances and custom modern quartz countertop,is a culinary enthusiast's delight, while the espresso-stained oak hardwood floors add warmth and elegance throughout. Meticulously expanded and redesigned, this home is tailored for contemporary living. The ceiling has been raised, and skylights have been thoughtfully incorporated, filling the space with natural light. The primary main room and bath have all been expanded for enhanced functionality and comfort. The primary bath is a true sanctuary, featuring dual vanities, double closets, and an oversized spa like shower, perfect for relaxation after a long day, Both the kitchen and primary suite open onto a custom private deck, which is perfect for outdoor entertaining or quiet evenings under the stars. Another standout feature is the versatile bonus loft area in the main room which can serve multiple purposes. Whether you envision it as a home office, an inspiring art studio, or a vibrant playroom for children, the possibilities are endless. This dedicated space encourages creativity and productivity, making it an invaluable addition to the home, the AC is electric. The fenced, level backyard is enclosed by an eight-foot wood privacy fence, creating a serene oasis for relaxation or gatherings with friends and family. Living in the neighborhood means embracing a vibrant community filled with charm and character. Known for its friendly atmosphere and historic homes, this area offers a range of local boutiques, trendy restaurants, and parks that cater to diverse lifestyles. Enjoy leisurely strolls through the neighborhood, visit the local farmers market, or explore nearby East Atlanta Village, where you can find lively nightlife, art events, and community festivals. With excellent access to major highways, commuting to downtown Atlanta and surrounding areas is a breeze. This is more than just a home; it’s an ideal lifestyle. With its charming style, professional renovations, and modern conveniences, this property perfectly balances comfort and sleek design. Come experience the delightful blend of modern living and community charm schedule a viewing today, and let your new life begin!
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.
