6476 Snowden Dr, Atlanta, GA 30349
4 beds · 3 baths · 2,778 sqft
Special Offer: Seller is Offering a Rate Buy-Down! Save BIG on your monthly mortgage-making homeownership more affordable! Motivated Seller! The seller is very excited to open a new chapter with a job relocation-making this a fantastic opportunity for you to call this stunning 4-Bedroom Corner-Lot Home! Perfectly located convenient to Hartsfield-Jackson Atlanta Airport, enjoy quick access to upscale dining, shopping, parks, and an amphitheater for year-round entertainment. Step Inside & Feel Right at Home! A grand foyer welcomes you with Italian porcelain tile, stylish powder room conveniently located for guests, open-concept design flows into the great room with luxury vinyl plank (LVP) flooring & a real fireplace. Chef's kitchen features a designer smart appliance package, Tuscany pattern ceramic tile, and a formal dining room with elegant wainscoting. Formal living room with exquisite details & optional LVP flooring, smart thermostat to help save on those utilities. Upstairs Retreat: Vaulted ceilings create a bright & airy feel, Oversized owner's suite with an unbelievable walk-in closet and huge spa-like en-suite featuring an upgraded shower & double vanity. Three additional spacious bedrooms with ample closets, convenient upstairs laundry room-no more hauling clothes up and down! Exterior Features You'll Love! Side-entry garage for enhanced curb appeal, and a level fenced backyard-ideal for private entertaining. This home has been freshly painted with brand-new fixtures and is MOVE-IN READY! Don't miss out-schedule your showing today. You won't find a better comparable home in Atlanta.
Source: FMLS #7490152
Financials
Source: Public records
Source: FMLS #7490152
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.