4280 KINGSTON GATE CV, Atlanta, GA 30341
This exquisite townhome is the one you have been waiting for! Three floors of move in ready elegance featured in an open and bright setting. The magic starts with two story foyer and the entire first floor boasts gleaming hardwood floors. Kitchen offers stainless steel appliances, ample counter space and a custom designed pantry! All of which is sure to please the family chef! Butler's pantry is an added bonus ideal for ease in the sun filled separate dining room. Kitchen area opens to sunroom and fireside family room. The spacious cabinetry in family room is well suited for decorative items and storage. Of course there is room for a flat screen TV. Just outside the family room is the deck perfect for grilling and relaxing! Custom staircase leads to more elegance on the upper level. The oversized owner's suite features hardwood floors, a luxurious spa bath with a recently updated double shower, separate vanities and superbly designed custom closet! The graciously sized additional bedroom on the upper level features a full bath and also has a custom closet. The lower level adds value to this great home! An additional bedroom and full bath along with a functional bonus room complete the package on that level along with a 2-car garage that has ample storage space. Recent updates include new HVAC units to provide comfort on all three levels with zoned coverage, addition of cabinetry in the first-floor laundry room and a new roof. Easy access to expressways or local streets make it easy to reach top notch eateries, entertainment and shopping that are just minutes away!
You may be able to put down less than the total down payment amount of $335,463 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: #10341122