2882 Stillbranch Cv, Lithonia, GA 30038
4 beds · 2 baths · 3,492 sqft
Elegant living in a prime location with full brick front estate-style homes just minutes from I-20, Hartsfield-Jackson Airport, Stonecrest Mall, and Downtown Atlanta. This home located at the edge of a cul-de-sac is the meticulously designed ABIGAIL floor plan - a 3,492 sq.ft. 4BR/2.5BA featuring a spacious open concept floorpan and grand-sized bedrooms. Open the door to an impressive 2-story foyer with spindles on the lovely open staircase. Beautifully arched passageways, custom trim details and 5" hand scraped hardwood flooring complete this home. The expansive gourmet kitchen with granite countertops features an island, breakfast bar, upgraded lighting, walk-in pantry, double oven, and eat-in kitchen opens to huge sunken family room with coffered ceilings and cozy fireplace. Upstairs is equally impressive with an enormous owner's bedroom featuring high vaulted ceilings and sitting room. Enter the owner's dream bathroom through double doors with a huge soaking tub, fully tiled shower, double vanity, linen closet, and an enormous walk-in closet. There are 3 large secondary bedroom with high vaulted ceilings and a jack-n-jill bathroom with double vanities. The fenced-in backyard with a covered lanai offers plenty of space for entertaining guests. Don't miss this opportunity!
Source: GAMLS #10393726
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10393726
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: #10393726
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