VA loan
1 of 57
VA loan
$290,000

4980 Buckeye Pl, Atlanta, GA 30349

3 beds · 2 baths · 1,542 sqft

Welcome Home to 4980 Buckeye Place. This lovely Ranch Stye Home has all the Bells and Whistles. The 3 bedrooms, 2 bath home, with separate living room, dining room and a separate den is located in the beautiful subdivision of Creekside. Creekside Subdivision has an entertaining clubhouse for events, pool, tennis court and walking trails. The community is convenient for shopping, restaurants and Hwy 285. 4980 Buckeye Place has all the wonderful features. A new roof has been installed in 2024. The living room is spacious with wall-to-wall built-ins, vaulted ceiling and fan. Sit back and enjoy the gas log fireplace with the hearth and the natural lighting. The living room opens to several archways into the kitchen and the additional bedrooms. The kitchen displays black appliances, gorgeous, stained cabinets, kitchen bar with seating, and hardwood flooring. The kitchen has the laundry closet and pantry. Two additional archways are open to the alluring dining room. The dining room is open and has natural lighting and hardwood flooring. There is a door that opens to the backyard, your private oasis, for rest and relaxation. Off the dining room you will find the den. The den has options of being a home theater, exercise room, home office, playroom or a guest room, with hardwood floors. The master bedroom is off the kitchen. The master bedroom is roomy, accommodating a large bed, furniture and seating. The master bathroom has a vaulted ceiling with a large tub and shower combo. The two additional bedrooms are on the other side of the home. The secondary bedrooms are open, the second bath sits in the center of the two additional bedrooms. You will love the backyard a place to have fun with friends and family; or just have your own hide-away to relax or BBQ on the patio. This home will not last long on the market. 4980 Buckeye is ready for you to move in…you will not be disappointed. Go Show!

Interest rate 3
6%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,450
With Roam
$1,604
Reduce your monthly payments by $153 when you assume this mortgage.
You also save $52,125 in total interest paid.

$53,054
Edit

You may be able to put down less than the total down payment amount of $53,054 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
1,542 sqft
Lot size
0.1653 acres
Year built
2008
Type
Single Family Residence

Source: FMLS #7423328

Loan
Remaining term
28 years, 4 months
Rate
6%
Monthly P&I
$1,450
Remaining loan balance
$236,945

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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.

What is an assumable mortgage?

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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.

Why is an assumable mortgage valuable?

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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.

How can you find assumable mortgage listings?

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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 “Get Notified” 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.

How do I qualify for an assumable mortgage?

expand content

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.

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Last updated: Oct 30, 2024 08:59 am
Listing agent: Rhonda Scott
Listing provided courtesy of: Virtual Properties Realty. Biz (770) 495-5050
Details provided by FMLS and may not match the public record.
MLS ID: #7423328
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please visit https://www.fmls.com/dmca.htm to review our DMCA policy and learn how to submit a takedown request. © 2024 FMLS.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,450/mo
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