700 Mountain Oaks Pkwy, Stone Mountain, GA 30087
3 beds · 3 baths · 2,264 sqft sqft
MOTIVATED SELLER. A move-in home ready to welcome you is situated in the established Mountain Oaks community, just 5 miles from Stone Mountain Park. Impeccably maintained, and hosting a spacious formal design, this gracious, classic traditional features exciting appointments and cozy, designated spaces for a more intimate atmosphere. Simply said, the concept was created for easy living. Once inside the inviting foyer, the formal dining and living room appointed with bay windows, effortlessly flank the front entry and are ready to serve. The foyer continues to usher you through an aesthetically pleasing arched entryway to the expansive great room. Boasting palatial 2-story ceilings and a centrally located fireplace, this stately living space provides the perfect spot for family or large gatherings. The sparkling kitchen catches your eye and stands out. Updated with spectacular features, this culinary vision boasts upgraded luxury vinyl floors that extend from the dining room, updated cabinets, ample counter space, and an appliance package. The main floor is complete with an updated full bath and laundry room. When you're ready to unwind at the end of a long day, ascend the stairs to your very own private bedroom. A true sanctuary, the owner's suite was crafted to stand out from all the rest. Upgraded with desirable features, this private retreat offers lofty trey ceilings, plush carpet flooring, tons of space for large furniture, and an ensuite sitting room. This glorious suite continues to impress with the primary full bath, featuring a separate tiled shower, dual-sink vanity, spacious closet, and a garden tub encouraging relaxation. Two accessory bedrooms and a secondary full bath also occupy the 2nd level. Each cozy bedroom has carpet flooring, ample closet space, and double picture windows allowing natural light to penetrate the rooms. Enjoying a little time outdoors is made easy with the private patio overlooking the rear yard perfectly buffered with mature shade trees. Due to the proximity to Hwy. 78., Stone Mountain Park and Yellow River Game Ranch, this property is perfectly primed to become your primary residence. This is a great deal for the price. Schedule your tour today!
Source: GAMLS #10334090
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10334090
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: #10334090
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.