2963 Thompson Cir, Decatur, GA 30034
4 beds · 2 baths · 1,656 sqft
Welcome to this classic 4-side brick home nestled in a quiet neighborhood. Price reduced by 5K!! New septic tank system. Excellent deal. This spacious 4-bedroom, 2-bathroom residence awaits your creative design ideas to make it your own. Enjoy the timeless beauty and durability of the original hardwood flooring throughout most of the home. A versatile space awaits in the living/dining room area with plenty of room for relaxation and dining. A Jack and Jill Bathroom conveniently connects two bedrooms providing an ideal arrangement for families. The refrigerator, stove, and water heater are less than a year old, ensuring efficiency and reliability. Almost all the windows have been upgraded to double pane, enhancing energy efficiency and comfort. Enjoy the partially finished basement that offers ample extra storage space and a wet bar for entertaining. The extra batting insulation, lumber, and vent fan in the basement will remain. Home sold "AS IS". All offers must include the Lead-based paint Exhibit and the Seller's Property Disclosure Statement. No blind offers are accepted. Enjoy easy access to the vibrant city of Atlanta, just a short drive away. Quick access to major highways including I-285 and I-20, makes commuting a breeze. Close to shopping, dining, and entertainment options, providing everything you need within reach. This home is a perfect blend of classic charm and modern convenience. Don't miss the opportunity to make it yours!
Source: GAMLS #10438669
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10438669
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.