1946 Taffeta Trl, Lithonia, GA 30058
3 beds · 2 baths · 1,392 sqft
|| FRESHLY PAINTED INTERIOR || || NEW LVP FLOORING || || NEW CONDENSER 2024 || || STAINLESS STEEL APPLIANCES || || STONE MASON FIREPLACE || || CORNER LOT || || CONVENIENT TO HIGHWAYS || ** What You'll See ** Step inside to a BRIGHT, INVITING INTERIOR, freshly painted to create a crisp, modern feel. The NEW FLOORING flows seamlessly throughout, adding warmth and style. The OPEN-CONCEPT MAIN LIVING AREA is bathed in natural light, drawing your eye to the stunning STONE MASON FIREPLACE, the heart of the home. In the kitchen, STAINLESS STEEL APPLIANCES shine, while the view into the family room makes entertaining effortless. The SPLIT-LEVEL layout maximizes space, and the CORNER LOT provides extra privacy and curb appeal. ** What You'll Hear ** The gentle hum of the NEW 2.5-TON CONDENSER (2024) keeping every room perfectly comfortable. The crackle of a cozy fire in the den, creating the perfect ambiance on a cool evening. Step into the BONUS SUNROOM, where you can listen to birds chirping just outside, a peaceful soundtrack to your morning coffee or afternoon retreat. ** What You'll Feel ** Plush NEW CARPET AND LVP underfoot, offering comfort with every step. The smooth, easy flow of the OPEN-CONCEPT DESIGN makes the home feel both spacious and connected. Sunlight pours through the windows, warming the BONUS SUNROOM, a perfect spot to relax. The convenience of a home that's been thoughtfully updated means you can settle in and feel at ease from day one. ** What You'll Experience ** Effortless entertaining in a kitchen that opens to the family room, where conversations flow as easily as the layout. Cozy nights by the STONE MASON FIREPLACE, creating lasting memories. The practicality of a SPLIT-LEVEL home that provides both privacy and connection. The ease of being just minutes from major highways, making commutes and weekend getaways stress-free. With MOVE-IN READY updates and a location that blends convenience with comfort, this home is ready to welcome you.
Source: FMLS #7543662
Send questions to support@withroam.com
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: FMLS #7543662
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “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.
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 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 committed to and abides by the Fair Housing Act of Equal Opportunity Act.