1609 Meadow Xing ## 47, East Point, GA 30344
4 beds · 3 baths · 2,090 sqft sqft
Location, Location, enjoy the vibrant lifestyle of the West End and West End Beltline, this location offers easy access to downtown Atlanta, the airport, Marta, a neighborhood bus stop nearby, an array of restaurants, breweries, and parks just minutes away. Inside, you'll find a newer build, constructed in 2019, with a boasting spacious floorplan, the living room is bathed in natural light and the adjoining dining area is spacious and provides an excellent space for entertaining guests. The updated kitchen is a chef's dream, featuring sleek countertops, stainless steel appliances, ample cabinet storage, and a oversized island. The primary bedroom is a serene retreat with a generous layout, large windows, and a walk-in closet. The en-suite bathroom features a luxurious soaking tub, a separate shower, and a double vanity. Three additional bedrooms are well-appointed, with plenty of space for family members or guests, and they share a beautifully updated full bathroom. This property combines modern amenities with a thriving neighborhood, making it the perfect place to call home in East Point, GA.
Source: GAMLS #10249405
Source: GAMLS #10249405
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10249405