736 Red Wolf Run, Atlanta, GA 30349
4 beds · 2 baths · 1,891 sqft
Stunning Burris Ranch Home in Westlake High School District! This exceptional 4-bedroom, 2-bathroom Burris ranch floor plan offers a spacious and thoughtfully designed layoutwith an inviting front porch and a two-car garage. Move-in ready and filled with premium upgrades, this home is a must-see! Step inside to an open floor plan featuring hardwood floors, vaulted ceilings, and soaring 9' ceilings throughout. The back of the home boasts a bright and airy kitchen, breakfast area, and family room centered around a tile hearth fireplace-perfect for gathering and entertaining. The designer kitchen is a chef's dream, complete with 42" cabinetry, granite countertops, a stylish tile backsplash, a pendant-lit island, double wall ovens, and stainless steel appliances. The formal dining room showcases a coffered ceiling and signature trim, adding a touch of elegance. The spacious owner's suite features a large walk-in closet, while the luxurious owner's bath includes a tiled shower, separate garden tub, and dual vanity. Custom built-ins throughout the home provide added convenience and style, including in the kitchen, office, master bedroom, all bedroom closets, and laundry room. Located in the highly sought-after Westlake High School district, this home seamlessly combines style, comfort, and functionality. Don't miss out on this incredible opportunity-schedule a showing today!
Source: FMLS #7545432
Financials
Source: Public records
Source: FMLS #7545432
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.