1297 Richard Rd, Decatur, GA 30032
3 beds · 2 baths · 1,290 sqft
Welcome to your charming retreat in Belvedere Park, Decatur! This beautifully renovated single-family home offers a perfect blend of modern comforts and natural tranquility. Nestled among the trees, this brick and hardiplank home invites you in with its serene setting and spacious layout. As you step inside, the main level greets you with gleaming hardwood floors that flow through the open living spaces. The large living room boasts cathedral ceilings and expansive windows that flood the room with natural light, creating a warm and inviting atmosphere. The heart of the home is the open kitchen, featuring elegant granite countertops and like-new stainless steel appliances. Whether you're preparing a meal or enjoying a casual breakfast, this kitchen is both functional and stylish. Venture downstairs to discover a hidden gem - a finished basement that spans the entire length of the house. This versatile space is highlighted by a cozy fireplace, making it an ideal spot for gatherings or as a private in-law suite. Imagine movie nights, game days, or simply unwinding in this comfortable retreat. Outside, a large deck awaits, offering picturesque views of the wooded backyard. Whether you're sipping your morning coffee or hosting a barbecue, this outdoor oasis provides the perfect backdrop for relaxation and entertaining. Located in the desirable Belvedere Park neighborhood of Decatur, this home combines the tranquility of nature with the convenience of urban amenities. From nearby parks and schools to shopping and dining options, everything you need is just moments away. Don't miss your chance to own this exceptional 3-bedroom, 2-bathroom home that seamlessly blends modern living with natural beauty. Schedule your showing today and experience the charm of this Belvedere Park gem for yourself! The seller recently replaced the roof, the a/c unit, hardiplank siding, and had the basement sealed with AquaGuard. The seller has warranties for all of these updates! Photo 18 is virtually staged.
Source: FMLS #7422993
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7422993
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: #7422993
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.