150 Klondike St SW
Atlanta, GA 30331
5 beds · 4 baths · 3,635 sqft
$500,000
Get prequalifiedAbout this home
Big News! This beautiful home now qualifies for $12,500 in down payment assistance and has an assumable FHA loan with an interest rate of 2.9%! Plus, enjoy peace of mind with a 1-year seller-paid HOA! Prepare to be captivated in this palatial estate nestled within the elite Cascades community, where luxury meets comfort in every detail. This like-new, move-in-ready masterpiece boasts an impressive floor plan designed for both elegance and functionality. The expansive bedrooms offer serene retreats, while a versatile office or guest suite graces the main level for ultimate convenience. In the second level, discover a vast loft area, perfect for transforming into a playroom, private den, state-of-the-art gym, or an opulent media lounge. The heart of the home, a chef's kitchen, is adorned with sleek granite countertops, ideal for culinary creations and entertaining guests. The luxurious owner's suite is a sanctuary unto itself, featuring a spacious sitting area, dual vanities, a spa-like jacuzzi tub, separate glass-enclosed shower, and two oversized walk-in closets for a wardrobe fit for royalty. Completing this extraordinary home is a three-car garage, providing ample space for your vehicles and plenty of storage. With seamless access to I-285, premier restaurants , and more. This residence is a masterpiece of design crafted to offer the ultimate living experience and one of the cities, most prestigious enclaves.
Source: GAMLS #10385229
5-year savings
Neighborhood
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.