2626 Flagstone Dr SE, Atlanta, GA 30316
3 beds · 2 baths · 1,381 sqft sqft
Don't walk, RUN to this Elegant Midcentury Modern Gem! This home is truly unique, full of character, charm, and details you won't find in other homes. AND...this home QUALIFIES for a $10,000 Buyer's grant! Get this, NO limit on the income and the Grant does NOT have to be paid back! From the start, you'll notice the exceptional curb appeal. Professionally landscaped with stunning Japanese Maples, lush Hydrangeas, and other distinctive plants, this all-brick beauty is wrapped in natural elegance. The freshly painted, rocking chair front porch invites you to sit back and soak in the good life, and with a brand-new roof, you'll feel secure through all kinds of weather. Inside, you'll find rich hardwood floors and soaring 10-foot ceilings that flow through an open-concept layout, both inviting and practical. Modern lighting and stainless steel appliances make this home perfect for gatherings. And for your next dinner party, the kitchen's blackboard wall is the ideal spot to jot down recipes or wine pairings to wow your guests! Need a creative space? The spacious basement is ready to become your dream art studio, workshop, or any project space you can envision. After the party, step out onto the large deck overlooking a private, fenced backyard-perfect for entertaining or just relaxing. When the day is done, retreat to your oversized master suite with vaulted ceilings, a peaceful oasis to unwind and rest. Investors, take note: Located just 13 minutes from Mercedes-Benz Stadium-home to Atlanta United, the Falcons, and a venue for upcoming FIFA World Cup events AND the 2028 Super Bowl-this property offers exciting income potential in a highly desirable location, all with no HOA restrictions. The possibilities for value appreciation here are truly remarkable. Act fast! With its unique features, prime location, and versatile layout, this 3-bedroom, 2-bath home won't stay on the market for long.
Source: GAMLS #10406795
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10406795
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 30-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: #10406795
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.