2632 MUSKEG CT SW, Atlanta, GA 30331
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. 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. Great opportunity for investor or home owner as property is occupied by one tenant in the basement, and rent can be used towards the mortgage. Also, this property qualifies as an ‘assumable loan’ with an interest rate of 2.25% for qualifying buyers.
You may be able to put down less than the total down payment amount of $271,671 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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% 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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #7365945
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.