700 Mountain Oaks Pkwy, Stone Mountain, GA 30087
3 beds · 3 baths · 2,264 sqft
Property being sold in "As-is" condition Living is easy in this Beautiful Home! The entryway draws you into a voluminous layout made for entertaining! The property offers an exceptional opportunity for those seeking a comfortable and convenient place to call home. This lovely residence exudes a welcoming ambiance and boasts many desirable features. Nestled on a well-maintained street, the property presents a beautifully landscaped yard on a nice-sized lot, showcasing its curb appeal. The house itself offers ample living space, with a thoughtfully designed floor plan. The interior is bathed in natural light, enhancing the warm and inviting atmosphere. The main living areas of the home provide a seamless flow, perfect for both relaxing and entertaining. Enjoy gatherings in the generously-sized 2-story family room graced by a beautiful fireplace, open to the bright and sunny kitchen and breakfast area, is the main focal point of the main level, accompanied by an elegant formal dining room, formal living room/study, tremendous chef's kitchen with updated cabinets, ample counter space, breakfast bar and pantry. It effortlessly connects to the spacious dining area creating an ideal setting for gatherings and culinary experiences. The property comprises 3 bedrooms each offering a comfortable retreat for rest and relaxation. The Primary Bedroom has a sitting area, ensuite bath with dual vanities, separate shower, soaking tub, linen closet and walk-in closet Stroll out back to your sun-filled backyard with patio perfect for play, hosting barbecues, or relaxing. Generous living space, stylish finishes, private backyard and outdoor space, all situated in a family-friendly neighborhood, convenient to schools, shopping, restaurants, Stone Mountain Park, Yellow River Game Ranch, entertainment, and easy access to major highways. This one won't last! Seller accepting offers only. No showings until due diligence.
Source: GAMLS #10420756
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10420756
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: #10420756
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.