1 of 47
$404,000

1405 Attwater Dr, Atlanta, GA 30316

4 beds · 4 baths · 1,850 sqft

**Stunning 3-Level End Unit Townhome in Thriving Community!** Welcome to this spacious 4-bedroom, 3.5-bathroom end unit townhome, perfectly nestled in a rapidly growing community. This beautiful home offers three levels of comfortable living space, ideal for families or anyone who loves entertaining. The main level features an open-concept layout with a modern kitchen w/large island, dining area, and a bright, inviting living room. Upstairs, you'll find the primary suite with a private bath, two additional bedrooms and another full bath. The lower level offers a versatile space that could serve as a fourth bedroom, home office, or recreation room, with its full bathroom for added convenience. Located just minutes from the scenic Brownsmill & East Lake Golf Course, Zoo Atlanta, and East Atlanta Village this townhome is part of a vibrant swim community, perfect for enjoying summer days by the pool. With its prime location, minutes from all of Atlanta's go-to hotspots and ample living space, this home is a rare find in an area poised for continued growth. Don't miss this opportunity to be part of this flourishing neighborhood. Ask for eligibility requirements to receive 10k in free grant money!!! Assume this home at 5.375% and save thousands annually

Estimated
Seller's interest rate
5.7%
7%
Estimated
Principal & interest
$1,862/mo.
$2,087
You may also save up to $62,091 in total interest paid.
Listing price
$404,000

Your cash down payment
$117,965
Seller’s estimated current equity is $117,965
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,862 monthly payment

Financed
$286,034
Assumed mortgage 5.7% • Seller's rate
$286,034
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.


Open House
Mar 22 • 3PM - 5PM
Location
Use two fingers to move the map
Details
Home
Size
1,850 sqft
Lot size
0.02 acres
Year built
2017
Type
Townhouse
HOA dues
$247.00

Source: FMLS #7450354

Loan
Remaining term
23 yrs
Rate
5.7%
Monthly P&I
$1,862
Remaining loan balance
$286,034

Source: Public records

Who can qualify

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 resources
Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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.

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Last updated: Mar 17, 2025 06:09 pm
Listing agent: Aqueelah Whitaker
Listing provided courtesy of: EXP Realty, LLC. (888) 959-9461
Details provided by FMLS and may not match the public record.
MLS ID: #7450354
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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Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,862/mo
View details