5179 MEADOWBROOKE CHASE, Stone Mountain, GA 30088
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 Buyer Incentives/Seller Concessions with a Full Price Offer! $4,500 in Closing Costs, a $2,300 Allowance for the Garage Doors, Openers & a Transferable Home Warranty or you can choose to use the $6,800 to buy 1/2 a percentage point off your interest rate...You choose your Buyer Incentives/Seller Concessions! Must close at Kim Kline & Associates...No Exceptions! Welcome home to 5179 Meadowbrooke Chase!!!
You may be able to put down less than the total down payment amount of $67,965 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10328878
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.