VA loan
1 of 44
VA loan

1305 Old Woodbine Rd, Atlanta, GA 30319

4 beds · 3 baths · 2,420 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Welcome to this beautifully renovated four-bedroom, three-bathroom home in the quiet and established Derby Hills neighborhood of Sandy Springs. Full of natural light, the open floor plan features a spacious living room with a fireplace, dining area, and French doors leading to a stone patio and large, private backyard—perfect for entertaining, play, or relaxing in a quiet setting. The kitchen includes Calacatta Caldia marble countertops, a large island, Bertazzoni stainless appliances, and dual beverage and wine fridges. White Oak flooring runs throughout the main areas, and the bathrooms are finished with custom marble and tile. The primary suite offers a built-in closet system and a luxurious bathroom with double vanities, soaking tub, and walk-in shower. There’s a second ensuite bedroom, plus two additional bedrooms, all with custom closets. Conveniently located near top schools, parks, shopping, dining, and major hospitals, with easy access to GA-400 and I-285. You don't want to miss this one!

Location
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Loan details
Monthly payment

All values shown are estimated costs / mo.

Total
$3,686
Principal & interest
$1,990
Mortgage insurance
-
Property taxes
-
Home insurance
-
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
2,420 sqft
Lot size
0.4316 acres
Year built
1973
Type
Single Family Residence
HOA dues
$0.00

Source: FMLS #7559969

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: Apr 22, 2025 05:50 pm
Listing agent: Robin Collins
Listing provided courtesy of: Ansley Real Estate | Christie's International Real Estate (404) 480-4663
Details provided by FMLS and may not match the public record.
MLS ID: #7559969
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please visit https://www.fmls.com/dmca.htm to review our DMCA policy and learn how to submit a takedown request. © 2025 FMLS.
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