2471 Old Conyers Rd, Stockbridge, GA 30281
5 beds · 3 baths · 3,155 sqft
Get a free consultation call with an expert in the mortgage assumption process.
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!
Source: GAMLS #10431685
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10431685
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.