5144 Manerdale Dr SE # 4, Atlanta, GA 30339
3 beds · 2 baths · 1,963 sqft
Has townhouse living been calling your name? This 3 story beauty is in search of its next homeowner. This property offers a 1 car garage (a difficult find for ITP living) with a driveway and an ample amount of guest parking. Enter into the above ground first level to a half bath, laundry room, and bonus room that is not included in the overall bedroom count. This bonus room could easily be used as a home office, craft room, play room, or a spot for that treadmill you've been talking about getting. Work your way upstairs to the center piece of the home, the main living area. With dual glass sliding doors in the oversized living room, there's so much natural light flowing throughout this place that your plants will thank you for. Cook away in the kitchen while chatting it up with loved ones through the peek-a-boo cut out offering an open concept feel. Don't worry, you don't have to trek up or down stairs to find a bathroom as a half bath can be found right off the kitchen. All 3 bedrooms can be found on the top level, offering an oversized primary bedroom with an ample walk-in closet. Enjoy your morning coffee on the back deck with privacy walls to give you a secluded feel within this townhouse community. A small greenery space can be found off the back that you can create into your own little oasis. The property's location is prime for easy access to the interstate and sits just 1 light down from I-285. Located just 2 miles from the Atlanta Road restaurant corridor, 4 miles from Vinings, 5 miles away from The Battery, Cumberland Mall, Historic Downtown Smyrna, and Chattahoochee Food Works, 7 miles away from West Midtown, and 8 miles from the corporate district of Buckhead, you'll find you can be to some of the best offerings of metro Atlanta within an easy 10-20 minute drive. This complex has no rental restrictions on long-term rentals but does not allow short-term rentals.
Source: FMLS #7467675
Source: FMLS #7467675
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: #7467675
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