1273 Boulevard Lorraine SW, Atlanta, GA 30311
3 beds · 3 baths · 1,779 sqft
BACK ON THE MARKET DUE TO BUYERS FINANCING -- INSTANT EQUITY -- Comparable updated homes in Historic Adams Park are currently selling for UPWARDS OF $385,000 (same street a few house down) ** LOCATION LOCATION LOCATION!!! Qualify for 100% financing. Endless opportunities are awaiting you in this 3 bedroom 2.5 bathroom home located in Historic Adams Park!! This community host amenities for all ages to enjoy, such as swimming & tennis, Cascade Nature Reserve, Historic West End, the recreational haven of the Beltline and Lee + White Food Hall. Convenient to many attractions including Mercedes Benz Stadium, the vibrant heart of Downtown Atlanta. Golf enthusiasts will be delighted with the proximity to the Historical Tup Holmes Golf Course and the First Tee John A. White Golf Course, both a mile away. This cornerstone 4 sided brick home is a charmer to say the least with original hardwood floors throughout and one of the few homes with a detached garage. This home was one of the first homes built in the community and with an open floorplan perfect for entertaining. Step into a sun-filled great room wit vaulted ceilings and a brick fire place to cozy up with friends & family. If you like to cook you'll love the kitchen with stainless steel appliances, gas stove, granite countertops, and tiled backsplash that flows right into the dinning area. Carry the party on to the newly built back deck, a perfect place to relax after a long day all with in the private confines of your completely fenced-in back yard. The massive owners suite was an addition that was well worth its wait in gold. Swift access to Lakewood Freeway and I-285 ensures you're just a short drive from Hartsfield International Airport. All this home needs is you and your personal touch. Schedule a private tour today!
Source: GAMLS #10347699
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10347699
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: #10347699
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.