3113 Dodson Dr, Atlanta, GA 30344
3 beds · 3 baths · 2,181 sqft sqft
This show stopping traditional home with black shutters, a circular dormer window and an unforgettable red door is exactly what you're looking for. When you enter your future home on the left you will see the huge living room with real hardwood floors, perfect for entertaining. On right hand side of the entrance you will walk into the perfect kitchen for preparing those wonderful Sunday dinners and holiday feasts. If you ever lacked cabinet space, never again, there's even a banquette bench with cabinets underneath. Theres a separate dinning area perfect for your family gatherings. Don't want guests going upstairs to use the restroom? No problem, there's a full bathroom on the main level. Don't like stackable washer dryer combo? Well, you're in luck, there's a laundry closet on the main level that allows for side by side washer and dryer. Upstairs you'll escape into your oversized Owner's suite and private bathroom with and hers vanity. Let's talk about the closet, wow! If you have a lot of clothes don't worry, with nearly 100 feet of closet space, it's sure to please. The two additional bedrooms are large enough for a bed and furniture. Want to add an additional room? There's room for that using the huge attic space, come check it out and see. With nearly half an acre of land you can rest assured the backyard can host your family and friends to a perfect night out. There's enough room to add a fire pit and some tables and chairs to enjoy those warm spring nights and cool summers eve. Nestled within walking distance of Sykes park that has connecting trails to the Beltline, close proximity to the airport, downtown East Point where the well known Wednesday wind down is held, and Historic College Park where they've garnered the name, brunch city. There's also 1.5 billion dollar project College Park is building called the Six West that will bring a bike trail and things to do around your new city. the location is perfect for an owner-occupant looking to live close to the city or an investor looking to add to their portfolio. Ask about possible grants this property can qualify for.
Source: GAMLS #10389836
You may be able to put down less than the total down payment amount of $108,774 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10389836
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.
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: #10389836
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.