VA loan
1 of 44
VA loan
$459,999 SIGNIN

Sign in to see required down payment for the 3.5% rate

2471 Old Conyers Rd, Stockbridge, GA 30281

5 beds · 3 baths · 3,155 sqft

Stunning 5 Bedroom, 3 Bath Brick Ranch on 1.5 acres with Finished Basement! Discover the charm of this beautifully remodeled 4-sided brick ranch, nestled on a sprawling, leveled 1.5 acre private lot. This home offers enormous natural light and comes with 5 spacious bedrooms, 3 modern full baths, and a finished basement with a private exterior entrance—perfect for a separate living space or in-law suite. Main floor features open-concept living. Enjoy a large family room seamlessly flowing into the dining area and a bright, updated kitchen that features white cabinets, quartz countertops, an eat-in bar, stainless steel appliances, separate dining, and a pantry. There are 3 bedrooms & 2 baths which Includes a luxurious master suite with a walk-in closet and an en suite with stunning tiled shower and floor.   Stylishly updated interior with lively gray paint, laminate and tiled floors, trey ceilings, light fixtures, recessed lights, ceiling fans, and hardware throughout. Outdoor amenities consist of fresh paint, new expansive covered front porch, a rebuilt retaining wall, ample space for outdoor activities or gardening, and a large rear deck—perfect for entertaining. Fully functional basement with interior access as well as an exterior private entrance that leads to a fully finished space with a common area, 2 large bedrooms, a huge remodeled bathroom, space for a stackable washer/dryer, and additional storage for added convenience. This home also boasts a new architectural roof, windows, plumbing, vanities, sump pump, and more. With laundry facilities on both levels and its turnkey-ready condition, this property is ideal for families, multi-generational living, or rental potential. Schedule your showing today! This gem won’t disappoint!

Estimated
Seller's interest rate
3.5%
7%
Estimated
Monthly payment

$1,077
$1,342
You may also save up to $68,663 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,342 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
VA
Rate
3.5%
Remaining term
21 yrs and 7 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,077
Principal & interest
$734
Mortgage insurance
-
Property taxes
$98
Home insurance
$245
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
3,155 sqft
Lot size
1.57 acres
Year built
1977
Type
Single Family Residence
HOA dues
$0.00

Source: FMLS #7501758

Qualify

To qualify, you must meet the current FHA or VA 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%. 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.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

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.

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.

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.

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 “Save search” 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.

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 620, 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.

View all FAQs
Last updated: Apr 20, 2025 05:49 pm
Listing agent: Katrice Hibler
Listing provided courtesy of: Atlanta Communities (770) 240-2004
Details provided by FMLS and may not match the public record.
MLS ID: #7501758
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please visit https://www.fmls.com/dmca.htm to review our DMCA policy and learn how to submit a takedown request. © 2025 FMLS.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.