321 Brooks Ave SW, Atlanta, GA 30310
3 beds · 2 baths · 1,237 sqft sqft
Welcome to your dream home nestled in one of Atlanta's most coveted neighborhoods! Imagine living in a charming bungalow right in the heart of the bustling city, surrounded by new developments and endless opportunities. This gorgeous home is more than just a property, it's a lifestyle upgrade waiting to happen. With the seller offering to cover some closing costs or providing the option to use funds to buy down the rate, you can move in quicker than you ever imagined. Plus, there's down payment assistance available, making homeownership even more accessible. Step inside and be wowed by the spacious floorplan, meticulously renovated to perfection. Every detail has been carefully curated, from the all-white cabinetry to the gleaming granite countertops. And let's not forget the brand-new stainless-steel appliance package, including a fridge that's perfect for storing all your farmer's market finds. Convenience is key with this home, located just minutes away from Atlanta's major attractions, shopping centers, and the iconic Mercedes Benz Stadium. Need to commute? No problem! This gem is easily accessible to highways and public transportation, ensuring you're always connected to the pulse of the city. But what truly sets this home apart is the equity opportunity it presents. With the thriving neighborhood and new developments nearby, your investment is bound to grow. Whether you're a first-time buyer or seasoned investor, this is an opportunity you won't want to miss. Don't wait another minute to make this cute bungalow your own. Contact us today for a private tour and get ready to fall in love with your new home sweet home!
Source: GAMLS #10286299
Source: GAMLS #10286299
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: #10286299