1273 Boulevard Lorraine SW, Atlanta, GA 30311
3 beds · 3 baths · 1,779 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Comparable newly updated homes in Historic Adams Park are currently selling for UPWARDS OF $385,000 on the same street (a few houses down) ** LOCATION LOCATION LOCATION!!! Qualify for 100% financing. NEW ROOF & NEW DECK (2024) Newer windows. 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 #10460908
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10460908
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.