1342 Lucile Ave SW, Atlanta, GA 30310
3 beds · 2 baths · 1,773 sqft sqft
Renovated bungalow with new HVAC system and roof in Historic West End. House still has a few of the quaint old style features that give it charm like the hall bath flooring and the fireplace tiles. Make your west end porch party the envy of the neighborhood. Enjoy the outdoor space on the large front covered porch with fans or the level fenced back yard with detached garage. Private driveway with gated wrought iron entrance and off street parking. New hot tub therapeutic spa 2023- chemical free. Interior is light, bright and spacious with tall ceilings throughout. Master bedroom has separate sitting area and huge bathroom suite with claw foot tub and separate rain water shower. Kitchen has granite counters, gas 5 burner cooktop and double oven. French doors lead to outside deck and private level back yard. Stack washer and dryer off kitchen. 3rd bedroom could easily be a great office. Full house water filtration system as well as additional drinking water reverse osmosis filter, brand new hvac system with extra air filtration system as well as all new ducts replaced 2023 - under warranty that transfers. HVAC moved to basement in preparation to open kitchen in the future. New roof 2023 new facia and soffits 2023. House exterior new paint 2023. Only 0.3 miles to Westside trail. Fruit producing trees on property- fig & plum as well as blueberries. New park planned only a block away. Easy in/out with red light at top of street. Easy access to 20, 285, 75 and 85. Easy access to airport. Great local food, vegan eateries, local farmers markets, vet, library nearby.
Source: GAMLS #10376167
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10376167
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: #10376167
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.