1585 San Gabriel Ave, Decatur, GA 30032
4 beds · 3 baths · 2,589 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Brick Ranch in Decatur with Income Producing Potential! With a Finished Upstairs, and an Unfinished Basement, you'll find the opportunity to customize the space and turn this One Door Rental into Two! Step through the Front Door into a bright and Airy Open Floor Plan featuring Rich, Dark Hardwood Floors that set the stage for seamless entertaining. The Separate Dining Area is perfectly suited for intimate family meals or lively dinner parties. The Eat-In Kitchen is a culinary dream, complete with Sleek Granite Countertops, ideal for barstool seating and savoring your morning coffee. This stylish space boasts Stainless Steel Appliances, a Chic Tiled Backsplash, Dark Wooden Cabinets, and Modern Floating Shelves. The Kitchen flows effortlessly into the Family Room, creating a welcoming hub for gatherings. Down the hall, the Spacious Primary Suite offers a serene retreat with its own luxurious Ensuite Bathroom, featuring a White Double Vanity, a striking Green-Tiled Glass Shower, and Modern Fixtures. Two Additional Bedrooms and a Full Bathroom complete the Main Level, along with a thoughtfully placed Laundry Room for added convenience. Venture downstairs to the versatile Basement Level, an ideal space for your creativity or Rental with a Large Bonus Room, Full Bedroom, and Full Bathroom the space is perfect for Guest Suites or an Income Producing Space! Step outside from the Family Room onto the Deck, a perfect spot to relax with a good book or enjoy an evening cocktail. A Brand New Roof and Brand New Waterproofing that includes a Breathe Right System and a Transferable Warranty completes the home. The Expansive, Sloped Backyard is Fully Fenced, offering endless opportunities for outdoor fun barbecues, gardening, celebrations, and more. This home provides an exceptional opportunity to customize the Basement and truly make it your own. With its prime location near Downtown Decatur, The BeltLine, Madison Yards, and Avondale Estates, you'll enjoy year-round festivals, events, top-tier dining, and boutique shopping just minutes away.
Source: FMLS #7517175
Source: FMLS #7517175
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.