675 Ferris St SW, Atlanta, GA 30310
4 beds · 3 baths · 2,434 sqft sqft
Don't miss this fully renovated showcase in the sought-after Westwood Terrace neighborhood! This beautifully designed residence offers an impeccable floorplan, providing ample living space. With a blend of modern features and timeless charm, this property exudes sophistication and elegance. Finished with hardwoods throughout the main floor and a top-of-the-line appliance package, this kitchen is a culinary enthusiast's dream. The oversized island serves as the centerpiece for social gatherings or food prep. The keeping room and mainlevel bedroom i are truly exceptional features that add functionality and convenience to the home. The keeping room provides a versatile space for relaxation or informal gatherings, . Meanwhile, the main-level bedroom offers a private retreat for guest or the perfect sun lit home office. These thoughtful additions elevate the overall livability of the home and make it a truly desirable and practical choice for modern living. The location of this property is equally impressive. A mere 0.3 mile walk away from the SW Connector Trail on the Beltline, you'll have direct access to nature's beauty and recreational activities. Enjoy leisurely walks or bike rides amidst serene surroundings. Additionally, you'll be minutes away from the renowned John E. White Golf Course, Draft House, Mon Night Brewery, and the trendy Lee+White Development, ensuring an abundance of entertainment options. Special financing is available. Seller LOVES the home and area but is being recruited to another state.
Source: GAMLS #10266508
Source: GAMLS #10266508
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: #10266508