226 Howell Dr SW, Atlanta, GA 30331
3 beds · 2 baths · 1,608 sqft
Welcome to the Steal of the Year! Stop the search-your next investment or dream home is here! 226 Howell Drive, Atlanta, GA, just dropped to an irresistible $225,990, making this charming property an unmissable opportunity for first-time buyers and savvy investors. Nestled in a thriving Atlanta neighborhood, this home isn't just a house; it's your chance to create a masterpiece or a money-making machine. Why You'll Love It: This 3-bedroom, 2-bath beauty offers 1,350 square feet of potential, complete with great bones and a layout that begs for your creative vision. Yes, it needs a little TLC, but that's the fun part! Imagine turning this space into a trendy oasis or a high-demand rental property-your personal touch will unlock its true brilliance. Located in one of Atlanta's most convenient areas, you're minutes from parks, schools, shopping, and dining, with quick access to major highways. Whether you want to sip coffee on a front porch that *you* designed or rake in rental income from tenants who'll adore the location, this home delivers on all fronts. Here's the Scoop: - Fresh Price Reduction: At **$225,990**, it's a no-brainer-your dream home or next big investment just became attainable. - Instant Equity Opportunity: Cosmetic updates like modernizing the kitchen, adding stylish finishes, or even repainting can skyrocket this property's value. - Investor's Jackpot: Rental-ready with minimal effort, this home sits in a high-demand area for tenants seeking a cozy, well-located space. Picture This: Morning coffee on your revamped porch. Family game nights in a stylish living room *you* designed. Or better yet, monthly rental checks as you watch your equity grow. This property is a blank canvas waiting for your brushstrokes, whether you're a visionary buyer or an investor on the hunt for high ROI. Act Fast!! Deals like this are as rare as Atlanta snowstorms. Call today to schedule your tour-before someone else snatches up this gem. 226 Howell Drive is more than a home; it's your gateway to creating something amazing. Will you be the one to unlock its full potential?
Source: GAMLS #10421117
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10421117
Source: Public records
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: #10421117
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.