5923 Ridge Dr SE, Mableton, GA 30126
3 beds · 2 baths · 2,595 sqft sqft
HUGE PRICE ADJUSTMENT...A true diamond in the rough. Solid spacious 3 bedroom 2.5 bath, 4 sided brick home awaits your finishing touches. Fully finished inlaw suite in the basement with full kitchen and bath, additional bedroom, bonus rooms and bricked fireplace. Main floor open concept has lots of potential with a super large partially renovated kitchen with island, cooktop with grill and double ovens. Original hardwood floors in spacious living room and throughout main level, just need refinishing. Master suite has been expanded but main floor bedroom plan could be easily converted back to 3 bedrooms if desired. Master bath has jetted tub with shower combo. New water heater and newer A/C. Oversized deck, great for entertaining. Private wooded backyard is fenced and great for dogs/pets. Original carport converted to storage room but easily could be converted back to carport or garage. Amazing amount of square footage and solid bones awaits your finishing touches. Fantastic investment, rental or starter home for the savvy handyman. Great school district with lots of new renovations in the neighborhood. NO HOA, SOLD "AS IS".
Source: FMLS #10245669
Source: FMLS #10245669
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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: #10245669