1597 Clay Rd SW, Mableton, GA 30126
4 beds · 4 baths · 3,777 sqft sqft
Hold on! Stop the car! If you're driving through Mableton, you absolutely can't miss this stunning, charismatic home that offers all the freedom you've been dreaming ofCono HOA, so you can fully customize both the inside and outside to fit your style! SELLER IS OFFERING $4,000 TOWARD BUYER CLOSING COSTS AND A 1 YEAR HOME WARRANTY. Located close to everything in Mableton and the best of South Cobb, this spacious gem is perfect for multi-generational living with its finished terrace level basement and manicured lot next door. Your seller is motivated and offering $4,000 in closing costs! Step inside to a breathtaking two-story foyer leading to a sun-filled great room with large windows and a cozy fireplace, the perfect spot to relax or host during this sports and holiday season. There's also a formal dining room, a flexible living room/office space, and an eat-in kitchen complete with granite counters, custom maple cabinetry, and stainless steel appliances (yes, the appliances stay!) The main level offers a full bedroom and bath for guests or family members, while the ownerCOs suite upstairs boasts a tray ceiling, double vanity, and a huge walk-in closet. The terrace level is a dream come true with a wet bar, media room, family room, and a oversized flex space that could easily become a 5th bedroom! Enjoy quiet evenings on your screened deck or create your outdoor oasis in the large fenced backyard. Bonus: there's extra parking for visitors and a 240-volt level 2 electric car charger in the garage. Don't waitCoschedule your tour today because this is the one!
Source: GAMLS #10404391
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10404391
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: #10404391
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.