3113 Dodson Dr
Atlanta, GA 30344
3 beds · - baths · -- sqft
$360,000
Get prequalifiedAbout this home
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
Neighborhood
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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