537 CARLOUETTA RD SW, Mableton, GA 30126
Own this home with a 4.5% mortgage rate if approved! With today's current rates, that is unheard of! Welcome to your serene ranch retreat in Mableton! Located on a private, established street, this charming 3-bedroom, 2-bathroom home offers both tranquility and easy access to the vibrant activities and amenities of both Mableton and Smyrna. You could walk to Rev Coffee and take a quick drive to the Smyrna Market Village and The Battery/Braves Stadium. As you enter, you'll find a welcoming living room complete with a cozy fireplace, perfect for relaxing evenings. Adjacent to the living room is a private dining area that seamlessly connects to a well-appointed kitchen, equipped with modern appliances and ample counter space for all your culinary needs. One of the home's unique features is the expansive unfinished basement that spans the entirety of the upstairs, offering endless possibilities for customization. Whether you envision a workshop, home gym, or an entertainment space, this basement provides the flexibility to create your dream area. Step outside to discover a private, enclosed backyard-a peaceful oasis ideal for morning coffees, summer barbecues, or simply unwinding in seclusion. This home combines the best of both worlds: a quiet, private retreat with the convenience of nearby activities and amenities. Even though it's updated and move-in ready, it still leaves room for you to make your own personal touches. Especially if you are anything like me and want a well built home with enough character and space to renovate however you want. They truly don't build homes like this anymore. Don't miss the chance to make this Mableton gem your own and enjoy all it has to offer.
You may be able to put down less than the total down payment amount of $35,141 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: #10325595
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.