Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
1 of 29
$254,900

4614 Post Ridge Ln, Lithonia, GA 30038

3 beds · 3 baths · 1,543 sqft

This adorable home located in the Gatewood subdivision features 3 bedrooms 2 and a half bathrooms . The Half bathroom located on main floor.Open kitchen with eating area. Cozy living area with fireplace. Spacious rooms throughout and even more spacious yard. This amazing home is perfect for a 1st time home buyer or growing family.Located near schools, shopping & Arabia Mtn and Panola Mtn State Park Welcome to your dream home! Nestled in a peaceful neighborhood, this home provides both comfort and convenience. Step inside to find a newly renovated kitchen that will delight any home chef. Featuring modern appliances, great counter space, and ample storage, it's the perfect space for both everyday meals and entertaining guests. The spacious living areas are filled with natural light, creating a warm and inviting atmosphere. Each bedroom is generously sized, providing a serene retreat for every member of the family. The master suite provides a comfortable space to relax and unwind. Outside, the property offers a lovely yard, perfect for outdoor activities and relaxation. With its prime location near Panola Mtn. State Park, you'll have easy access to hiking trails, amazing feeling of nature, and scenic views. Don't miss the opportunity to make this exceptional home your own. Schedule a showing today and experience the perfect blend of modern living and natural beauty!

Estimated
Seller's interest rate
5%
7%
Estimated
Principal & interest
$644/mo.
$772
You may also save up to $35,962 in total interest paid.
Listing price
$254,900

Your cash down payment
$148,321
Seller’s estimated current equity is $148,321
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $644 monthly payment

Financed
$106,578
Assumed mortgage 5% • Seller's rate
$106,578
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
1,543 sqft
Lot size
1.09 acres
Year built
1999
Type
Single Family Residence

Source: FMLS #7498166

Loan
Remaining term
23 years, 5 months
Rate
5%
Monthly P&I
$644
Remaining loan balance
$106,578

Source: Public records

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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.

View all FAQs
Last updated: Jan 04, 2025 06:13 pm
Listing agent: Marcus Butler
Listing provided courtesy of: Keller Williams Realty Atl Partners (678) 252-1900
Details provided by FMLS and may not match the public record.
MLS ID: #7498166
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please visit https://www.fmls.com/dmca.htm to review our DMCA policy and learn how to submit a takedown request. © 2025 FMLS.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$644/mo
View details