3164 Columbia Woods Dr, Decatur, GA 30032
4 beds · 3 baths · 1,725 sqft
This beautifully remodeled home offers an excellent opportunity in Metro Atlanta! Spacious, Modern 4 BEDS 4 BATH single family home with nearly 2600 sq ft of living space. Featuring 4 sides brick construction. Fully remodeled with brand-new features inside and out. Spacious sunroom with plenty of windows for natural light. Stainless steel appliances and granite countertops. Modern gray kitchen cabinets. Beautiful hardwood floors throughout. Black-trimmed interior fixtures. Newly built master shower and updated HVAC systems. Brand new roof and paint. Private fenced yard for added security and privacy. Rear patio perfect for summer barbecues. Ample storage space behind the garage. Home Warranty Included. This home qualifies for Down Payment assistance. Seller prefers conventional, VA, or cash offers but will consider FHA financing. If you have questions or would like to know more about this property or similar listings, feel free to reach out!
Source: GAMLS #10381877
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10381877
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: #10381877
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.