5019 Lower Elm St, Atlanta, GA 30349
2 beds · 3 baths · 1,476 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your dream home! This beautifully updated 2 bedroom, 2 bathroom condo offers modern finishes and a host of luxurious features, perfect for comfortable and stylish living. Step inside to discover an open floor plan adorned with luxury vinyl flooring and elegant granite countertops, exuding sophistication and contemporary charm. The spacious bedrooms provide ample space for relaxation and rest, each offering generous closet space and natural light. Both bathrooms are tastefully designed with modern fixtures and finishes, ensuring a sleek and functional space for your daily routines. The heart of this home is its gourmet kitchen, equipped with high-end appliances and beautiful granite countertops, making meal preparation a delight. The adjacent living and dining areas flow seamlessly, creating a perfect space for entertaining guests or enjoying cozy evenings at home. Step outside to your private, fenced-in yard-a rare find in condo living. This outdoor space is perfect for gardening, relaxing, or providing a safe play area for pets and children. Located near all of the neighborhood amenities, this condo offers convenience and leisure at your doorstep. Enjoy easy access to the community pool, playground, and other recreational facilities, making it simple to stay active and engaged within the neighborhood. Don't miss out on this exceptional opportunity to own a condo that combines modern elegance with everyday practicality. Schedule a viewing today and make this stunning home yours!
Source: GAMLS #10275150
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10275150
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.