6244 Selborn Dr SW, Atlanta, GA 30331
4 beds · 3 baths · 2,964 sqft
Welcome to this charming 4-bedroom, 2.5-bathroom, 2-story home with a 2-car garage. As you step inside, you'll be greeted by a cozy sitting room right upon entry, perfect for relaxation or welcoming guests. Additionally, there's a convenient half bathroom located downstairs for your guests' comfort. The main floor boasts a separate dining room, providing an elegant space for formal meals and gatherings. The heart of the home features an open kitchen-living room floor plan, creating a warm and inviting atmosphere. The kitchen also includes an eat-in space, perfect for casual dining or quick family meals. One of the highlights of the home is the gas fireplace in the family room, which adds a touch of warmth and comfort, especially during the colder months. You'll also find a separate laundry room conveniently located in the kitchen area, making laundry chores a breeze. Step outside to the beautifully landscaped backyard, complete with an entertainment-sized patio. A white privacy fence encloses the backyard, providing a serene and private outdoor space for relaxation and entertainment. Upstairs, the oversized master suite awaits, offering ample space for your comfort. This room features a sitting or flex area, giving you even more options for personalization. The en suite bathroom is a true oasis, featuring a separate tub and shower space, ensuring a spa-like experience. To complete the master suite, there's a large his-and-her walk-in closet conveniently located through the bathroom. Don't miss out on the opportunity to make this wonderful house your home. With its spacious layout, attractive features, and well-maintained backyard, it's a perfect place for both everyday living and hosting gatherings. Schedule a viewing today to see all that this home has to offer!
Source: FMLS #7482265
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7482265
Source: Public records
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.
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.
MLS ID: #7482265
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.