4889 MACBAIN LN, Atlanta, GA 30360
A Beautiful Renovated Ranch Home in Dunwoody Highlands. A meticulously maintained home featuring Astoria French Oak Hardwood Flooring throughout, freshly painted interior/exterior, open floor plan, & newly renovated bathrooms! This daylight kitchen offers views to multiple spacious rooms including: a living room, a den with a stacked stone Fireplace, dining room plus a walk out screened-in porch with a vaulted ceiling. An entertainer's dream with an open concept floor plan adorned with board-and-batten walls, new canned lighting plus Lutron lights- controlled by a single touch and/or by your phone! Primary Bedroom on the main floor featuring a new sink/vanity combination with porcelain tile and a walk in shower with waterfall shower head. New ceramic tile can be found in the Guest Bathroom along with a brand new vanity. Newer Roof, Neutral Paint, New Bathroom Hardware, Added Canned Lighting throughout & List Keeps Going! Full Attic with Permanent Stairs Just Waiting to be Finished, Boasting TONS of additional storage space. Vaulted Screened Porch Overlooks Private Level Fenced Backyard, Complete with a Storage Shed. Quiet street with quick/easy access to north I-285. Great Location and Walking Distance to Brook Run Park. Optional membership to Kingsley Swim and Tennis Club.
You may be able to put down less than the total down payment amount of $283,701 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: #7445876