2747 Townley Cir, Atlanta, GA 30340
4 beds · 2 baths · 3,352 sqft
Welcome home to this gorgeous traditional brick beauty! With three stories of living space, this home truly checks all the boxes! Walk into the foyer and be greeted with beautiful inlaid brick and hardwood floors. Flow into two separate living rooms - one is anchored by a gas fireplace that leads into the eat-in kitchen. The second takes you through the dedicated dining room and into the kitchen from the other side. The large well-appointed kitchen features solid wood cabinetry, corian countertops, eat-in breakfast area, and floor-to-ceiling pantry cabinets. A fabulous screened-in porch is off the eat-in area that allows you to experience the serenity of the private, wooded backyard. Off the screened porch is a grilling deck with a gas grill that conveys with the home. The upstairs level offers four spacious bedrooms PLUS a dedicated office/bonus room all accented by the gleaming hardwood floors. The primary bedroom features double closets and a large renovated en suite bathroom with walk-in shower. The basement level is ready for fun and entertaining! Be the envy of game days and game nights with the built-in wet bar with refrigerator and keg/ice chest, media area, and walk-out deck with built-in benches flanked by beautiful gardens and greenery. The massive unfinished area on the basement level offers unlimited storage. The two-car garage has plenty of extra room for storage and has direct access into the kitchen. Townley Circle is one of the loveliest streets in the sought-after, walk-and-bike-friendly neighborhoods of Evansdale. The elementary school and North Umberland swim club are just a short walk away. Super easy access to shopping and major highways. Have the chance to own this fantastic home at a lower monthly payment - ask us about the option to assume the current FHA loan at 3.625%!
Source: GAMLS #10393336
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10393336
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: #10393336
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.