4713 ELECTRIC AVE SW, Mableton, GA 30126
Welcome to your dream townhome! This charming 3-bedroom, 2.5-bath home is located in Cobb County Mableton, Georgia. It has an inviting open concept featuring a living room, dining area, gourmet style kitchen with granite, modern backsplash, a complete Whirlpool stainless steel appliance set including the refrigerator, and luxury vinyl floors throughout the main level. Meticulously cared for by its original owners, this home is move-in-ready and comes with a washer and dryer. An added bonus is the tankless hot water heater, upgraded HVAC system with air purifier and humidity control which is serviced twice a year for year-round comfort and the sale includes a 50-inch and 75-inch mounted flat-screen TV. Upstairs features a nice spacious loft, a generous owners suite with a walk-in closet, and a luxurious tiled bathroom with an enclosed toilet area. The secondary bedrooms are perfect for guests, kids, roommates, an at home office, playroom, or man cave. Step outside to the concrete patio, overlooking a nice backyard, perfect for outdoor relaxation. Enjoy having dinner in the dining area while feeling the breeze through the newly installed patio screened door. This neighborhood is quiet and peaceful, with community amenities that include a pool, clubhouse, pond, dog park, sidewalks, streetlights, playground, and ample guest parking. The HOA ensures it is well-maintained. Conveniently located near gas stations, shopping, parks, schools, the Silver Comet Trail, and transportation, this townhome offers a peaceful suburban environment with a touch of city living. New homes are selling for $400,000 to $480,000 in the same community. This home is priced under its competition. To top it off, this home includes a 1-year Choice Home Warranty. Do not miss your opportunity to call 4713 Electric Ave. Mableton, Georgia "Your HOME!"
You may be able to put down less than the total down payment amount of $123,407 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: #10358256