11 Kingsbrooke Dr, Palmetto, GA 30268
4 beds · 2 baths · 1,967 sqft
1% temporary rate buy-down at no cost with preferred lender: Mark Milam, Highland Mortgage. Excellent opportunity to own a meticulously maintained home situated on a beautiful lot in the Northgate High School district! This light-filled traditional 3 bedroom 2 bath home sits on almost an acre and enjoys privacy in the backyard and low traffic on this quiet street. Enter into the cheery foyer and you'll find a large open floor plan with vaulted ceilings, hardwood flooring, large great room with cozy fireplace and separate dining room, perfect for all of your entertaining needs. The central chef's kitchen offers plentiful wood cabinetry, granite countertops, stainless steel appliances with gas cooking, and a large eat-in area with pretty bay-window and access to the covered patio. The kitchen is easily accessed from the step-less entry garage and laundry/mudroom and has a full view of the covered patio and yard, the dining room and the great room. The extra large Primary suite has a dramatic trey ceiling, large windows and double walk-in closets, a linen closet, and a private spa-like bathroom. The Primary bathroom features separate vanities with quartz countertops, a separate shower, large soaking tub with accent window, and vaulted ceilings. The secondary ample bedrooms are conveniently located next to the hall bathroom and have large double closets. Upstairs you'll find a large bonus room, perfect for an office, theater or workout room, or a 4th bedroom! Additional features on the main level include: smooth ceilings throughout, hardwood flooring, wall-wall carpet, custom closets, large windows throughout, ceiling fans, accent lighting, and plentiful storage. The back patio is easily accessed from the great room and overlooks the expansive and private backyard with mature trees and a garden area. All this plus an oversized 2-car garage with plenty of space for extra refrigerators, toys, tools or gear and an electric car charger! Enjoy life in this quiet and peaceful neighborhood located near shopping and restaurants with convenient access to major roads and I-85 for easy-access to Atlanta and Hartsfield-Jackson Atlanta International Airport (only a 27 minute drive!).
Source: GAMLS #10397747
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10397747
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: #10397747
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.