1286 Brookins Trl, Atlanta, GA 30316
4 beds · 4 baths · 1,926 sqft
Welcome to your dream townhouse in the heart of East Atlanta, nestled within a secure gated community. This exceptional home boasts an open floor plan that greets you with an inviting entry foyer. The main level is designed for both functionality and style, featuring a spacious island kitchen adorned with stainless steel appliances and elegant granite countertops, while modern light fixtures illuminate the dining area and kitchen. The main level includes a convenient powder room and an abundance of storage space, including in the attached 2-car garage. The upper level offers an oversized primary bedroom, complete with a large walk-in closet and a primary bathroom featuring a double vanity and a relaxing shower. Two additional well-appointed bedrooms and a full bath provide ample space for family or guests. The lower level offers a private bedroom with its own full bathroom, perfect for visitors or a home office. Outside, enjoy moments of tranquility on the spacious deck or take advantage of the community's amenities, including a sparkling pool and clubhouse. This pet-friendly neighborhood is ideally situated near the Beltline, offering easy access to shopping, entertainment venues, and the historic charm of Grant Park, making it a true gem in East Atlanta living.
Source: FMLS #7538423
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7538423
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.