5265 Forest Downs Cir, Atlanta, GA 30349
4 beds · 3 baths · 2,114 sqft
Imagine waking up in a charming, sun-filled home where comfort meets convenience. Step into this spacious 4-bedroom, 2.5-bathroom traditional two-story home, designed for modern living with classic appeal. As you walk through the front door, natural light pours into the inviting living room, creating a warm and welcoming atmosphere. Hosting family and friends is effortless with the open-concept dining area that flows seamlessly into the spacious kitchen, complete with stainless steel appliances, ample cabinet space, and a gas stove—perfect for cooking your favorite meals. Just off the kitchen, a cozy flex room with a fireplace offers endless possibilities! Use it as a home office, playroom, study, or even a main-level bedroom—whatever suits your lifestyle best. The laundry room and two-car garage are conveniently located nearby, making daily tasks a breeze. Upstairs, retreat to your primary suite, featuring its own private balcony—a peaceful spot to sip your morning coffee or unwind in the evening. The en-suite bathroom includes a tub/shower combo and a spacious closet, while two additional bedrooms and another full bathroom provide plenty of room for family or guests. Outside, enjoy a flat driveway, a lovely front yard, and a backyard with a patio—ideal for outdoor gatherings and relaxation. Located in a quiet neighborhood with NO HOA, you’ll have the freedom to enjoy your home without restrictions. Plus, with easy access to I-85, I-285, the airport, shopping, dining, parks, and schools, you’re never far from everything you need. Don’t miss out on this incredible opportunity—schedule a showing today and make 5265 Forest Downs Circle your new home!
Source: FMLS #7526371
Financials
Source: Public records
Source: FMLS #7526371
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.