2382 Ridgecrest Ln, Atlanta, GA 30344
3 beds · 1 baths · 1,068 sqft
Welcome to the charm of urban living with this 3 bedroom, 1 bathroom home located at 2382 Ridgecrest Ln in East Point. Spanning 1068 sq ft, this property offers a comfortable and convenient lifestyle in a vibrant neighborhood. Inside, you'll find a welcoming layout with three bedrooms, each providing a private and peaceful space for relaxation. The heart of the home is the living area, which is both warm and inviting, perfect for family time or entertaining guests. The kitchen is a standout feature, offering a seamless flow into the main living spaces. It's an ideal setup for those who love to cook and dine in a comfortable setting. At the rear of the property, there's a modest yet charming yard, providing a large outdoor space for relaxation or activities. This area adds a pleasant touch to the home, enhancing its appeal. One of the unique aspects of this property is the additional space in the unfinished basement. This area presents a fantastic opportunity for customization, whether you envision a home office, a workout room, or extra storage space. The possibilities are endless, allowing you to tailor this extra space to your personal needs and style. Located in a lively East Point neighborhood, this home is part of a community known for its spirited and friendly atmosphere. The area has a close-knit feel, offering a blend of city excitement and community warmth. 2382 Ridgecrest Ln is more than just a house, it's a home with and charm, situated in a neighborhood full of life and energy. It's the perfect choice for anyone looking to embrace the dynamic spirit of Atlanta while having a space to enjoy.
Source: FMLS #7436870
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7436870
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: #7436870
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