1862 Meadow Ln, Decatur, GA 30032
3 beds · 3 baths · 1,700 sqft
Inquire about the special buyer promotions on this home. Discover this enchanting and contemporary home, newly constructed in 2022 on its original foundation, nestled in one of Decatur's most sought-after neighborhoods. This residence is a perfect blend of modern design and comfortable living. Step inside to abundant natural light that illuminates the beautifully open living area, creating an inviting atmosphere for relaxation and entertainment. The heart of this home features a gourmet kitchen with sleek granite countertops, a gas stove, and a seamless flow into the living and dining areas. Retreat to the serene master suite, with a private bath and elegant marble finishes -- a true sanctuary for rest and rejuvenation. The secondary bedrooms and baths are on the opposite side, providing coveted privacy. Expand your living space with the spacious back patio deck within a fenced-in yard, ideal for outdoor dining and gatherings. Enjoy the convenience of being just minutes away from Agnes Scott College, Downtown Decatur, East Lake Golf Club, Kirkwood, and easy access to I-20 and I-285. Hurry, before this jewel gets away!
Source: FMLS #7398149
Source: FMLS #7398149
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: #7398149