1151 MALIBU DR, Marietta, GA 30066
If you are dreaming of floating in your private pool, then ready to dive-in to East Cobb living with this stunning 4-bedroom split-level home featuring modern updates and a private oasis and in-ground pool in the backyard. Nestled in a quiet neighborhood with no HOA, this home offers the perfect blend of comfort and contemporary style in an area growing in popularity! Upon entering the open-concept main living area, you are greeted by abundant natural light streaming through large windows, highlighting the spacious living and dining areas. The kitchen, equipped with stainless steel appliances and sleek quartz countertops, is perfect for culinary enthusiasts and entertainers alike. Off the kitchen is a massive space perfect for a pantry, mudroom, or even a flex space. Attached to this space is a generously sized laundry area. Throughout the home there is luxury vinyl plank flooring that can hold up to the busiest house and pets! The upstairs level features 2 large bedrooms with plenty of windows and closet space. The primary bedroom also features a primary bathroom that has been updated. The hallway bath has also been updated and has a nice sized linen closet with an additional linen closet in the hallway. Downstairs, the bright and newly finished walk-out space provides additional flexibility, ideal for a family room, and an additional bedroom that can also serve as a home office, or gym, offering endless possibilities to suit your lifestyle needs. Step outside into your own private retreat—a large fenced-in and manicured backyard complete with a sparkling pool and brand-new deck for entertaining and relaxing surrounded by gorgeous landscaping. Whether you're relaxing poolside with a book or hosting gatherings with friends and family, this space promises memorable moments year-round. Great features in this home that add to its move-in and worry-free living include: new pool liner, new pump housing for the pool, encapsulated crawl space and dehumidifier, newer AC unit and water heater (2022), new quartz countertops, new refrigerator, and new dishwasher. It also sits at the end of the street with no through traffic. New and updated luxury vinyl flooring throughout the entire house and gorgeous modern five panel doors complement each living space. Located conveniently near transportation, major highways, schools, parks, and shopping, this home offers both tranquility and accessibility. Don’t miss the opportunity to make this updated, split-level gem your own.
You may be able to put down less than the total down payment amount of $150,373 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #7417050
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.