WOW! Opportunity awaits you! INCREDIBLE LOCATION with great anticipation of grand appreciation due to its proximity to so many famous and sought after landmarks. This hard to find 5,600 SF 5 BEDROOM/4 BATH with 2 LAUNDRIES in Atlanta's Historic Vine City Community is one of ATLANTA'S MOST HISTORIC STREET. Dr Martin Luther King raised his family just three doors down from this beautiful home. Just one block from Rodney Cook Sr Public Park and not much further to access two MARTA Train Stations and the Westside Beltline Trail. You can actually walk to see the Atlanta Falcons or Atlanta United at the Mercedes Benz Stadium or check out a concert a State Farm Arena. TREMENDOUS DEVELOPMENT going on in the former railyards at CENTENNIALYARDS should raise all kinds of opportunities. EASY ACCESS TO THE 2026 WORLD CUP GAMES AND FESTIVITIES! Just down the same street is CLARK ATLANTA UNIVERSITY and a little further is MOREHOUSE COLLEGE so this is wonderful home for families with college students or to even use as STUDENT HOUSING. So great INVESTMENT OPPORTUNITY and ideal for LARGE FAMILIES! SO much to do and so close! The home itself provides HUGE BEDROOMS with large closets. The WELCOMING WRAP AROUND FRONT COVERED FRONT PORCH with PORCH SWINGS and space galore, invites your guests to this spacious abode but also provides another wonderful place for gathering and relaxing. Beautiful hardwoods grace the entire MAIN LEVEL which includes the PRIMARY SUITE. The main level features 10 ft. ceilings, and an open concept fireside family room and oversized kitchen, with separate dining room that melds into a large living room area that is perfect for hosting guests or can be used as a separate office/flex space. Both the living room and dining room transitions to the huge wrap around front porch that provides breathtaking sunset and city skyline views. The home is zoned R5, the floor plan with 2 full baths on the main level is perfect for generational living, allowing for either an In-law or Owner's suite on main level or it can be used as an additional source of income (i.e. corporate rental or Airbnb with the World Cup coming later this year). The upstairs landing area has a huge open area for living space plus an additional four bedrooms and two more full baths. AND THERE IS A LAUNDRY ROOM ON EACH LEVEL! There is a second covered patio area and small deck off the back of the home; as well as, an oversized two car garage with private back alley access. The yard is easy to maintain and front sidewalks lead you to so much! Don't miss the opportunity to make this extraordinary house your new home. Schedule a viewing today and experience the beauty and charm of this remarkable property for yourself. Welcome home!
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.
