2349 Milstead Cir NE, Marietta, GA 30066
4 beds · 3 baths · 2,308 sqft
Spend your fall roasting marshmallows over the firepit by the creek at this spacious yet cozy home in East Cobb. You will love this friendly neighborhood that features a neighborhood swimming pool and tennis courts, located just minutes from I-75 and I-575, downtown Marietta and Barrett Parkway. Upstairs, the oversized master bedroom comes with plenty of room for a sitting area and a newly renovated bathroom with free standing 71-inch soaking tub. Also upstairs, three additional sizablebedrooms with beautiful wooded views. Plenty of room for a growing family! The main floor features an updated kitchen with eat-in area, granite countertops and stainless-steel appliances. It also has a formal dining room, office and living room with built in bookcases. Downstairs you will find an additional flex room that can be used as another bedroom, additional office or workout space. Enjoy the scenic, wooded view on the back deck- perfect for hosting friends, grilling out, or just relaxing. Updates include new roof, new windows, new gutters with covers. The HVAC, electrical panel and water heater replaced in 2018.
Source: GAMLS #10367691
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10367691
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: #10367691
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.