2188 SPINK ST NW, Atlanta, GA 30318
Discover the perfect blend of comfort and one level living convenience with this adorable, move-in ready bungalow nestled in the heart of Atlanta's desirable upper west side, Riverside. Situated just a few blocks from local favorites like Bellwood Coffee, The Companion, and Frazie's Market and a quick drive to The Works, this home offers an unbeatable location. You'll love being close to the Beltline feeder trail - Procter Creek Trail, with Publix at Moores Mill Center, Upper Westside Village, and Scofflaw’s Brewery all less than 2 miles away. Plus, Truist Park and Mercedes Benz Stadium are only a 20-minute drive. Step inside to find a freshly painted interior with hardwoods throughout, new carpet in all 3 bedrooms and a brand new HVAC system, complemented by a roof that's only 4 years old. The open concept design features a fireside family room that flows seamlessly to the kitchen and dining rooms into a light-filled sunroom, offering views of the fully fenced backyard. Relax on the rocking chair front porch overlooking a quiet street or enjoy the oversized primary suite, complete with a sitting room that serves as a perfect flex space for an office or an even potential for an amazing closet expansion! The primary bathroom is a retreat of its own, boasting a beautifully renovated marble walk-in shower. The kitchen is an entertainer's dream with a large island, a deep pantry, and ample cabinetry for all your storage needs. Moving into this charming early 2000's bungalow couldn't be easier. It is truly a low maintenance gem of a home in an excellent location ready for it's new owners!
You may be able to put down less than the total down payment amount of $68,318 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: #7452681
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.