5892 Little River Rd, Atlanta, GA 30349
3 beds · 3 baths · 1,663 sqft
This charming 3 bed 2.5 bath offers a perfect blend of elegance and modern amenities. As you enter, you're greeted by a spacious long foyer with stunning hardwood floors. The formal dining room features graceful arches and a beautiful chandelier, creating an inviting atmosphere for family gatherings. The modern kitchen is a chef's dream with sleek granite countertops, hardwood cabinetry, an island, and recessed lighting providing both style and functionality. The spacious family room boasts a cozy corner fireplace, perfect for relaxing. The master features elegant tray ceilings and offers a peaceful retreat. The master bath includes dual vanity, separate tub and shower, and a generous walk in closet for ample storage space. The secondary bedrooms are well sized and offer plenty of room for family or guests. Located in a community with great amenities including swimming pool and a playground, and just a short drive from the airport. Seller offering $3000 towards closing costs. May qualify for down payment assistance with preferred lender.
Source: FMLS #7528272
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7528272
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 of Equal Opportunity Act.