624 DEERWOOD LN, Stone Mountain, GA 30087
SELLER OFFERING $7500 Concessions with FULL Price Offer to be used for paint allowance or whatever buyer chooses!!" From the moment you arrive, this home will captivate you. Perched on a picturesque, professionally landscaped lot, the property boasts a charming rocking chair front porch that invites you to sit and stay awhile. Step inside to find gleaming hardwood floors that flow throughout the main level, creating a warm and welcoming ambiance. The main floor features a separate dining room, perfect for hosting dinner parties, and an adjacent office with elegant French doors—ideal for those who work from home. The spacious family room is the heart of the home, complete with custom built-ins and a large, cozy fireplace, making it the perfect spot for movie nights with loved ones. The large kitchen is a chef's dream, offering ample cabinet space, stainless steel appliances, and granite countertops. Step outside onto your custom-built deck, where a shaded pergola with twinkling lights creates a serene outdoor oasis. The beautifully landscaped backyard provides the perfect setting for entertaining friends and family. Upstairs, you'll find a luxurious master suite with tray ceilings, a spacious sitting area or dressing room, and two walk-in closets. The updated master en suite features dual vanities, granite counters, vaulted ceilings with skylights, a relaxing soaking jacuzzi tub, and a seamless glass shower. Two additional bedrooms and a full bathroom complete the upper level, ensuring everyone has their own private space. The finished basement offers endless possibilities with a large recreational area that could serve as a fourth bedroom, a full bath, and additional space that could be used as an in-law suite, teen suite, media room, or man cave. The Waters Edge Community offers unparalleled amenities, including a social and fitness center, sailing, fishing, swimming, tennis, boat launch, clubhouse, basketball courts, multiple clubhouses, putting greens, management staff on-site full-time security patrol and playgrounds. This great location provides easy access to Highway 78 and 285, and is just minutes from Stone Mountain. Make this DREAM home YOUR reality and schedule your showing today
You may be able to put down less than the total down payment amount of $204,652 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: #7448233