635 Holyrood Way, Alpharetta, GA 30022
4 beds · 4 baths · 2,791 sqft
Charming Brick Home in an Unbeatable Location! Nestled in a sought-after neighborhood, this stunning brick home offers both elegance and comfort. The main level boasts beautiful hardwood floors, a formal living room/office, and a dining room perfect for entertaining. The bright kitchen features white cabinetry, granite countertops, stainless steel appliances, and an inviting eat-in area. A cozy great room with a fireplace opens onto a spacious entertainment deck and a large screened-in porch—ideal for year-round enjoyment while overlooking the private backyard. The oversized master suite includes a versatile bonus room, perfect for a home office, nursery, or workout space. Generously sized secondary bedrooms share a well-appointed bath with a dual vanity. The full, unfinished daylight basement provides a fireplace, a game/media room, a half bath (with space to add a shower), and ample storage potential. Located on a prime cul-de-sac, this home is part of the vibrant Mayfair community, known for its active swim and tennis amenities, swim team, social events, book clubs, and more! Conveniently close to Newtown Park, top-rated private schools, and popular shopping and dining options. Enjoy easy access to GA 400, Peachtree Industrial Blvd, and the 141 corridor.
Source: FMLS #7549653
All values shown are estimated costs / mo.
Source: Public records
Source: FMLS #7549653
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.