2516 ALSTON DR SE, Atlanta, GA 30317
Watch the PGA Tour from the front yard of this Tudor style home, right across the street from the historic East Lake Golf Club. This home shares a private driveway that leads you to a gated entrance to the homes .2 acre lot. This home is 3,233 sqft and has three bedrooms and three and one half baths. The primary suite has a connected sitting/baby area with an attached primary bathroom. The loft, with a custom murphy bed, could be converted to an additional bedroom. The kitchen has a wet bar and a butlers pantry next to a dedicated mudroom/laundry room. A light filled dining room with a bay window connects to the open great room with a fireplace and lounge area. Main level also has half bath and separate room used as an office. The in-law suite has a private entrance to a sunroom, bedroom, and attached bathroom. This home has a two car garage, parking area for 2-3 additional vehicles. Beautiful outdoor features to include Koi pond, gardens, rock paths, mature growth, and a custom gazebo for lounging and entertainment. A walk or a bicycle ride away from everything Kirkwood and Oakhurst helps to the desirability of this homes location. This home is surrounded by Tudor, new construction, and custom homes with unmatched views of East Lake Golf club.
You may be able to put down less than the total down payment amount of $408,868 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10356334
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.