Featured
Featured
2156 MONTROSE AVE SW, Atlanta, GA 30311
Fully renovated modern home in the most convenient area of Venetian Hills! You won't find anything like this amazing home in this highly sought-after area of Atlanta. Situated to provide all the conveniences to entertain and host your loved ones. It features an open floor plan with a spacious main level, formal dining, a kitchen with an island, and stainless steel appliances overlooking the living room. This floor plan offers two primary suites, one on the main floor perfect for the owner who is looking for one-level living, yet offers a primary on the 2nd floor for the owner who prefers to be on the same level as their children. This also is perfect for multi-generational living for those who have a loved one who lives with them. This home also offers spacious secondary bedrooms with spacious closets and ample storage space. Its open design allows for natural light to permeate into the home. Its cheerful environment is sure to bring a smile to any home buyer's face. It truly is a special home, with high ceilings and an oversized deck overlooking the beautiful, flat lot, an amazing backyard, perfect for barbeques, playing ball, or gardening. It offers covered parking for ease and convenience on rainy days, or a covered patio when looking to enjoy your neighborhood while sipping on your sweet tea. Convenient location is nearby shopping, the beltline, public transportation, and interstates to help you get wherever you need to be in the city quickly. Don't delay, you'll be hard-pressed to find the quality of the renovation, modern tiled bathrooms, and showers, with double vanities. Don't miss the upgraded custom lighting and features throughout the house.
You may be able to put down less than the total down payment amount of $70,980 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #10351920
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.