5101 Barrington Trace Dr SW, Atlanta, GA 30331
5 beds · 5 baths · 3,961 sqft sqft
Absolutely stunning and impeccably designed, this spacious residence is nestled on an expansive corner lot within the esteemed Barrington Trace community. Boasting three levels, this home caters to all your family's needs with ample space and luxury features. Step into the heart of the home, where a chef's dream kitchen awaits. Complete with top-of-the-line stainless steel appliances, a built-in double oven, and a sleek drop-in cooktop, this kitchen is as functional as it is beautiful. Overlooking the breakfast area and leading to a charming deck, it seamlessly transitions into the open two-story family room. Bathed in natural light streaming through two-story windows, this space is perfect for both relaxation and entertainment. Entertain in style in the generously sized dining room, capable of accommodating gatherings of 10 or more guests with ease. A separate, equally spacious formal living room provides additional space for hosting and unwinding. Convenience meets luxury on the main level with a room featuring a full bathroom, offering flexibility for guests or a home office. Retreat to the expansive owner's suite on the upper level, where vaulted ceilings and a cozy sitting area create a tranquil haven. Three additional well-appointed bedrooms on the second floor ensure comfort and privacy for the entire family. Throughout the main level, hardwood floors exude elegance, extending from the grand entry foyer to the kitchen, breakfast area, and family room. The full daylight basement presents endless possibilities for customization, inviting you to unleash your creativity and design the ultimate space for family gatherings and entertainment. Don't let this opportunity slip away - seize the chance to make this exquisite home your own and experience luxury living at its finest in Barrington Trace!
Source: GAMLS #10319706
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10319706
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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?
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.
MLS ID: #10319706
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.