6519 Cheval Ct, Stone Mountain, GA 30087
5 beds · 5 baths · 4,393 sqft sqft
This Well Maintained Home Is Turn Key Ready W/2 Oversized Decks Facing A Private Back Yard That Is Surrounded By Trees & A Whispering Creek. The Custom Steel Entry Double Doors Welcomes You Into This home. The Owner's Suite Bedroom Is Complete W/A Sitting Area & Dual Fireplace. Fully operable intercom system that can be use throughout the entire home in every room. Newly Installed Dishwasher, Cooktop, and HVAC unit on the main level, the HVAC has a 10 year warranty. The Fully Finished Basement provides a great space for Entertainment Or Use As An In-Law Suite, it includes a oversized bedroom that houses two huge closets, an addition bonus room that could be use for multiple purposes, and a large family room, This space would be perfect for large family gatherings. THIS basement also has it's own Laundry Room in addition to the main laundry room. The seller's are offering $15,000 towards buyer's concessions.
Source: FMLS #7444745
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7444745
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.
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: #7444745