5017 Tanaga Ct, Stone Mountain, GA 30087
5 beds · 3 baths · 2,367 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Motivated seller! No detail was missed in the rejuvenation of this private oasis. Enjoy your 1.2 acres located within a cul-de-sac of a quiet neighborhood. Then, bask in the brand new fiber cement siding and roofing that now protect the home. Upon climbing the newly rebuilt front deck, you enter a home full of natural light. The main floor boasts an open floor concept that includes an entirely brand new kitchen with quartz countertops and an island at the center. Follow the newly placed flooring and freshly painted walls up to the second floor where you will find 3 bedrooms and 2 bathrooms. The master bedroom boasts a walk-in closet and large windows to further welcome the warm natural light from outside. Both bathrooms include newly placed ceramic flooring and complementary shower tile. The highlight of both second floor bathrooms is the skylight that pours in sunshine from above. The stairs down to the final floor reveal 2 other rooms and a beautifully crafted full bathroom with a standing shower. Also found in the final floor is the washer and dryer area, plus access to the garage. Exiting from the bottom floor takes you out to a gorgeous two level deck that has a fresh coat of paint and incredible views of the 1.2 acres. Fortunately, this parcel has only one true neighbor. The other two sides of the home have a creek dividing it from those other properties, making it truly a private abode. This is all in addition to the easy access to local amenities and major highways. Send in your offers today, all will be considered.
Source: FMLS #7545223
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7545223
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.