1240 Defoor Ct NW, Atlanta, GA 30318
1 beds · 2 baths · 2,015 sqft sqft
Welcome to this charming and inviting residential property nestled in a desirable suburban neighborhood. As you approach the home, you'll be greeted by a well-maintained and landscaped front yard, complete with neatly trimmed shrubs and a picturesque tree, adding to the overall curb appeal.The exterior of the home boasts a classic architectural style, with a mix of siding materials that create a visually appealing and harmonious façade. The front entrance is highlighted by a welcoming porch, providing a comfortable space to enjoy the outdoors and greet visitors.Moving inside, the spacious and open-concept layout of the home immediately catches the eye. The living room, with its ample natural lighting from the large windows, offers a cozy and inviting atmosphere, perfect for relaxation or entertaining. The adjacent dining area provides a dedicated space for family meals or more formal gatherings.The kitchen, situated at the heart of the home, is equipped with modern appliances and ample counter space, allowing for efficient meal preparation. The cabinetry and fixtures throughout the kitchen are well-maintained and in good condition, contributing to the overall functionality and aesthetic of the space. Transitioning to the bedrooms, each room is generously sized and well-appointed, providing comfortable and private retreats for the homeowner and their guests. The primary bedroom, in particular, features a sizable floor plan and en-suite bathroom, offering a peaceful and rejuvenating sanctuary.The home's bathrooms are clean, well-kept, and equipped with modern fixtures, ensuring a pleasant and convenient experience for all occupants. The overall condition of the property is well-maintained, with a clear attention to detail and a commitment to preserving the home's original charm and character.Beyond the interior, the property boasts a well-designed and thoughtfully landscaped backyard. A patio or deck area provides an outdoor living space, perfect for relaxation, al fresco dining, or entertaining guests on warm summer evenings. The yard's lush greenery and mature trees create a serene and private oasis, offering a tranquil respite from the hustle and bustle of everyday life.In summary, this exceptional residential property combines timeless charm, modern amenities, and a prime location, making it an ideal choice for those seeking a comfortable and inviting living experience.
Source: FMLS #7470456
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7470456
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: #7470456
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.