518 Coral St, Marietta, GA 30064
4 beds · 4 baths · 2,550 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This executive home has been lived in & has all the upgrades a builder would charge you extra for, so be sure and bring a contract with you when you preview! Gorgeous 2 story home located within walking distance of the Marietta Square - tons of restaurants, breweries, shopping, farmers markets and more. Home has beautiful hardwood floors through out the main floor; formal dining room with crown/chair molding - extended butlers pantry separates DR from your kitchen with granite countertops, tons of soft close cabinet storage and top of the line appliances. Family room/great room has vaulted beamed ceilings, romantic fireplace and book case to create a comfortable setting for reading or just relaxing. Master on main floor is just one more perk to this amazing home - double trey ceilings, tons of natural lighting and private access to covered patio. The master suite is going to leave you ready to move in just to be able to relax. Finishing off the first floor you will find custom built mudroom bench, laundry room with utility sink, large 2 car garage. Second floor hosts a huge loft/bonus room - can be used as a movie room/game room/home office or a combo of the above! Three LARGE secondary bedrooms with TWO full baths - there will be no need for fighting over who gets what as there is plenty of room. As they say LOCATION LOCATION LOCATION - WALK to play golf next door at City Club Marietta, WALK to dinner/drinks on the Square, quick Uber/Lyft to catch a Braves game at the Battery, the list just goes on and on. Don't miss out on this amazing home, hurry today and lets get a deal going! Marietta City Schools are an International Baccalaureate School District. Home ready NOW! This home is priced to sell quick so get in today and come prepared to write a contract so you do not miss out.
Source: FMLS #7559687
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7559687
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.