VA loan
30-day close
1 of 11
VA loan
30-day close
$255,000

2555 Flat Shoals Rd, Atlanta, GA 30349

3 beds · 3 baths · 1,590 sqft

Sellers have found their forever home and are motivated in giving you a chance to own this beautiful 2 story 3 bedroom/2 bath end unit townhome located in a gated community conveniently located near Hartsfield-Jackson Airport ( 10 mins.), Camp Creek Marketplace (10 mins) and the Beltline (15 mins). As you enter the front door you are greeted with an open living area with natural sunlight, ample entertaining space, and entrance to back patio. Kitchen includes all dark cabinetry, appliances and a breakfast nook. Laundry is located on main level as well as 1/2 bath. LVP adorns the kitchen and bathrooms. Plush carpet is in remaining areas of home. The primary is on the main with full bath which includes separate shower, garden tub, double vanity, and walk-in closet. Head on upstairs to your open loft space along with 2 bedrooms, large closets and a full bath. Outside, you can enjoy your patio with privacy fencing on both sides. Community Association also offers a gated entrance, street lights, swimming pool and a park. Schedule today to see this amazing property!!

Estimated
Seller's interest rate
2.75%
7%
Estimated
Principal & interest
$613/mo.
$944
You may also save up to $101,086 in total interest paid.
Listing price
$255,000

Your cash down payment
$120,528
Seller’s estimated current equity is $120,528
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $613 monthly payment

Financed
$134,471
Assumed mortgage 2.75% • Seller's rate
$134,471
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Location
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Details
Home
Size
1,612 sqft
Lot size
0.1 acres
Year built
2004
Type
Townhouse
HOA dues
$350.00

Source: FMLS #7526858

Loan
Remaining term
25 yrs and 5 mos
Rate
2.75%
Monthly P&I
$613
Remaining loan balance
$134,471

Source: Public records

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%. 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.

Other resources
Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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.

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Last updated: Mar 17, 2025 06:13 pm
Listing agent: Tina Lovvorn
Listing provided courtesy of: Georgia Life Realty (770) 456-2600
Details provided by FMLS and may not match the public record.
MLS ID: #7526858
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.
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Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$613/mo
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