2516 Alston Dr SE, Atlanta, GA 30317
3 beds · 3 baths · 3,233 sqft
*** ASSUMABLE 2.25% VA Loan*** 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 was once the primary residence of the President of the East Lake Country Club, before the now East Lake Golf Club. Many celebrities have walked from the street to the front door to have dinner or to visit the family. Pictures of them were displayed in the home from the previous seller. 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.
Source: GAMLS #10410865
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10410865
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: #10410865
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