2635 Williams Grant Reynolds Dr, Lithonia, GA 30058
3 beds · 2 baths · 1,068 sqft sqft
SELLER WILL CONTRIBUTE $7,500 TOWARDS CLOSING COSTS OR RATE BUY DOWN! Your dream home awaits you in downtown Lithonia, GA! WALKING DISTANCE to downtown Lithonia, this 3 bedroom 2 bathroom RENOVATED home exudes a timeless charm. 2635 Williams Grant Reynolds Drive has recently undergone a full renovation. Roof, gutters, windows and HVAC are all approximately 5 years old with plenty of life left. Arriving at the home you find your own personal parking pad with additional street parking. The front porch is perfect for rocking chairs and outdoor furniture allowing you to relax and greet your neighbors as they stroll by. As we walk through the front door we find a living room offering ample space for relaxing or entertaining guests. The dining room is perfect for a roundtable and lies just next to the kitchen allowing you to cook and entertain guests with easy access. The full kitchen has newer cabinets, countertops, lighting and stainless steel appliances. Off the kitchen is your laundry/mudroom with access to the backyard. Last but certainly not least this home features a lovely primary suite with it's own dedicated walk-in tile shower! The seller is offering up to $600 towards a home warranty of the buyer's choice giving you additional peace of mind! Come view today before this one is gone!
Source: GAMLS #10391851
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10391851
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 45-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: #10391851
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.