5179 Meadowbrooke Chase
Stone Mountain, GA 30088
3 beds · 3 baths · 1,183 sqft
$293,322
Get prequalifiedAbout this home
Picture Perfect Stone Mountain, Picture Perfect Home, Picture Perfect Life!!! Nestled within the charm of Stone Mountain this property isn't just a house it's your next home! It's your gateway to a picture-perfect life! A life that you create enriched by comfort, connection, and opportunity. Discerning homebuyers seeking a safe haven a sanctuary where you and your loved ones make everyday moments special will find much to cherish living in this property. Once inside you're greeted by a thoughtfully-designed floor plan that seamlessly connects the living room, dining room, kitchen and family room together as if the home was a open designed concept! Just imagine laughter echoing through the space as you prepare meals while family gather around, sharing stories and creating memories that will last a lifetime. On those chilly evenings picture being curled up by the fireplace giving you a feeling of warmth and togetherness that goes beyond the ordinary homeowner experience. Picture being able to extend your living area outdoors and where you can create your own private backyard oasis...The possibilities are only limited to your imagination! Your new backyard can be transformed into a space for relaxation...You could build a deck for unwinding with a good book and a glass of wine or a designated play area for your kids to create their own adventures or host memorable barbeques with family and friends or simply enjoy the peace and quiet of a starry night! The potential for creating memories in the space you create for your family will last a lifetime! This property offers the best of both worlds: a peaceful, established community atmosphere and a strategically convenient location. Enjoy having a sense of belonging within this community where neighbors become friends and look out for each other. At the same time, effortless commutes via nearby I-20 allows you to easily manage your daily routines in the metro Atlanta area! You're only minutes away Old Stone Mountain with its unique shops and restaurants and Stone Mountain Park where you can explore on the weekends. Owning a home is more than simply having a place to live...It's about how you live in that home! Don't just imagine it...This your canvas to paint the masterpiece of your life! The Seller is offering the Buyer a $2,300 Allowance for the Garage Doors, Openers & a Transferable Home Warranty! Must close at Kim Kline & Associates...No Exceptions! Welcome home to 5179 Meadowbrooke Chase!!!
Source: FMLS #7412334
5-year savings
Neighborhood
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.