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2534 Lake Flair Cir NE

Atlanta, GA 30345

4 beds · 2 baths · 2,419 sqft

$550,000

$1,515/mo with 2.32% Express Financing

$1,579/mo with 7% bank financing

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About this home

Lake Flair Circle is a quiet street with no through traffic off Shallowford near I-85. This home has great space and is charming and sunny. Main level has large modern kitchen open to a spacious dining room, living room perfect for welcoming guests, and a large family room with built-ins and fireplace opening to an all glass sunroom overlooking the flat backyard with stone firepit. The garage has been converted into workshop / playroom / flex space and has tons of storage. Upstairs are four large bedrooms, one with an ensuite bathroom and the others sharing a hall bathroom. The primary bedroom upstairs has doors leading to a large porch overlooking the wooded backyard. This home is in an AMAZING LOCATION with sidewalks to Mary Scott Nature Park, GLOBE ACADEMY (a dual language Charter School), PUBLIX, Chocolatte Coffee, UPS, Dry Cleaner, restaurants & numerous shops. Access to I-85 and I-285 are both LESS THAN a mile from the front door. EMORY, CHILDRENS HEALTH CARE, CDC and the VA hospital are all in close proximity. There are three major parks located within a mile radius of this home. Come see it before it is gone! Several photos in this listing are virtually staged.

Source: GAMLS #10359864

2,419 sqft
0.4 acres
Single Family
Built in 1961

Neighborhood
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FAQs

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.

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.

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.

When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.

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Last updated: Apr 14, 2025 07:59 pm
Listing provided courtesy of: Atlanta Fine Homes - Sotheby's Int'l (404) 237-5000
Details provided by GAMLS and may not match the public record.
MLS ID: #10359864
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