420 Griffin St NW, Atlanta, GA 30318
- beds · - baths · sqft
Get a free consultation call with an expert in the mortgage assumption process.
This property is located within an Opportunity Zone, providing significant tax incentives for savvy investors. The neighborhood is experiencing continuous infrastructure upgrades, new businesses, and strong community involvement making now the perfect time to buy in. Whether you're looking to renovate and rent or hold as a long-term investment, this multi-family gem in Vine City checks all the boxes. This is located in a revitalizing Vine City neighborhood just steps from the Mercedes-Benz Stadium, Georgia World Congress Center, and downtown Atlanta. This high-potential property is ideal for investors looking to take advantage of the area's strong rental demand and steady growth. Located within walking distance to the MARTA Vine City Station and with quick access to I-20 and I-75/85, commuting is a breeze. Surrounded by major developments like the BeltLine Westside Trail and Echo Street West, this area is becoming one of Atlanta's most dynamic urban corridors. Enjoy proximity to a network of HBCUs, including Morehouse, Spelman, and Clark Atlanta University, making this a prime location for student housing or long-term rental income. The nearby Rodney Cook Sr. Park, offers green space, trails, and community events, enhancing the neighborhood's appeal.
Source: GAMLS #10513150
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: GAMLS #10513150
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.