7445 Talbot Colony, Atlanta, GA 30328
3 beds · 3 baths · 2,601 sqft
Wonderful location in Sandy Springs. No HOA community. This home features a wonderful layout with one bedroom and a full bathroom on the main level and two bedrooms and two full baths rooms on the second floor. The house was built by Georgia Technical University to be a model home for Geo thermal energy, but was converted by the previous owners to be a conventional home for heat and air. The house has had the following work completed: new roof with 30 year architectural shingles, new gutters, new gutter guards and downspouts completed in May 2024. New garage door opener with Wi-Fi, fresh deck stain. The carpet upstairs was replaced by LVP flooring in 2024. The old siding was replaced with hardy plank concrete siding and freshly painted. Also recently painted the entire interior. New double hung front entry door installed September 2024. The inside of the house was also freshly painted September 2024. The water heater is only two years old. One of the AC units is less than four years old. Easy access to the GA-400 and 285 East and West, the land surrounding the house is stated owned and can't be built all the privacy in the back yard and on the left side of the house to yourself, With all these recent upgrades , all you have to do is move in!
Source: GAMLS #10398685
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10398685
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: #10398685
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