2632 Muskeg Ct SW
Atlanta, GA 30331
8 beds · 6 baths · 6,324 sqft
$587,000
Get prequalifiedAbout this home
Elegant craftsman home with a separate entry basement apartment. This exquisite 7-bedroom, 5 full bath home is nestled in the quiet and prestigious Falls at Cascade Palms subdivision, just moments away from Hartsfield-Jackson Airport, interstate, shopping, and dining. Immerse yourself in the allure of The Falls at Cascade Palms exclusive amenities, featuring a swim haven, tennis courts, and a basketball court, all within the esteemed Westlake High School district, Sandtown Middle and Cliftondale Elementary. This residence boasts a captivating design, showcasing a full basement that unveils as separate 2-bedroom apartment for an in-law, teen, guests, or as an investment property with a tenant, a second full kitchen, a media room, recreation room for pool or cards, full bath with laundry, multipurpose room, and plenty of storage space. Embrace the seamless blend of functionality and style, from the patio and deck that beckon outdoor relaxation, vinyl windows, granite countertops, and stainless-steel appliances in the heart of the home. Indulge in the sophistication of coffered ceilings, iron balusters, and the convenience of an upstairs laundry, loft overlooking a Juliet balcony, 4 large bedrooms. The exterior, adorned with a striking brick front and three sides of hardy plank, sets the stage for timeless curb appeal. Retreat to the master suite, where a seamless shower and a private sitting room create a sanctuary of tranquility that takes up half of the second floor. This home isn't just a residence; it's an embodiment of elevated living, where every detail has been meticulously curated to provide the utmost in comfort and sophistication. This property is move in ready! Assumption Loan: Great opportunity for 'qualified buyers' who can assume the seller's 2.25% mortgage rate as opposed to the current market that ranges between 5-7%.
Source: GAMLS #10452662
5-year savings
Neighborhood
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.