7062 Spruce Cir, Fairburn, GA 30213
4 beds · 4 baths · 2,152 sqft
Hidden Gem Near Fairburn Main Street Discover this exquisite hidden gem located near Fairburn Main Street that promises not to last long on the market! This remarkable property is a spacious 4-bedroom, 3.5-bathroom ranch-style home nestled in a peaceful cul-de-sac. With a total of approximately 4,200 square feet, this home offers ample space for comfortable living and entertaining. Property Features - **Main Level**: - 2,152 square feet of well-designed living space. - Open and inviting layout perfect for family gatherings and daily living. - **Finished Basement**: - Approximately 2,100 square feet, providing a versatile open floor plan. - Features a stylish bar area, one bedroom, and a large full bathroom. - Endless possibilities for customization—ideal for a home theater, gym, or guest suite. - **Additional Highlights**: - A new roof installed approximately 2 years ago, ensuring peace of mind for years to come. - Only one owner, showcasing meticulous care and maintenance. ## Prime Location - **Convenience**: - Just 20 minutes away from Atlanta-Hartsfield Airport and Trilith Studios. - Less than a mile from Duncan Park, offering recreational opportunities for all ages. - Only 1.5 miles from the vibrant Fairburn Main Street, filled with shops, dining, and entertainment. - **Community**: - Part of an HOA community, providing neighborhood amenities and a sense of camaraderie. This property represents a rare opportunity to own a home that combines space, style, and location. Whether you're looking for a family home or a place to entertain, this stunning ranch offers it all. Don't miss your chance to make this hidden gem your own!
Source: FMLS #7359242
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7359242
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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?
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?
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?
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?
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.
MLS ID: #7359242
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.