3438 BROOK ROSE LN, Lithonia, GA 30038
Welcome to this elegant 3-year-old like new home with custom features . Smart home was built by D.R Horton (Savannah Floor Plan). Remainder of 2-10 warranty remains with the property. This luxury living with a designer dining wall featuring a coffered/tray ceiling, perfect for entertaining guests. The chef's delight kitchen boasts built-in smart appliances and ample space for culinary creations with exquisite European lighting . Mohawk Hardwood floors adorn the bottom level, including stairway and upstairs hallway, complemented by abundant natural light from numerous windows. The main level includes a bedroom & full bathroom, ideal for guests or family members. A dedicated office space with upgraded French doors ensures convenience for at-home work. Retreat to the master suite, complete with a cozy sitting room, offering a private haven for relaxation. The home has almost 1,300 square feet of unfinish basement, stubbed for bathroom that can be finished to your specifications. Enjoy easy access to I-20 for convenient commuting. This impressive community provides first-class amenities, including a clubhouse, pool, tennis courts, playground, and expansive green spaces, including dog park , HOA is $750.00 yearly. Neighborhood HOA hosts events such as food trucks, workout classes, jazz on the lawn, including a fully updated 24-hour gym for residents, etc...Nature lovers will appreciate the nearby trails of Arabian Mountain, minutes from the New Black Wall Street Market & SeaQuest. The home is in the zone for Arabia Mountain High School which is the top Dekalb County high school. Additional features include built-in Tesla charging station, epoxy flooring in the garage, irrigation system (3 Zone) , upgraded landscaping, 18x19 deck, newly added concrete patio with sidewalk, smart pestban system. Smart home is fully automated with panels on each floor and comes with 6 cameras for security. ( Monitoring is needed to activate these features). Plus, a new fence installed just 8 months ago, complete with a 5-year warranty with Home Depot. Skip the line and jump to this nearly new home in ownership with all the upgrades
You may be able to put down less than the total down payment amount of $250,230 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #10307417
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.