7472 Woods Ct, Lithonia, GA 30058
3 beds · 3 baths · sqft
Welcome to this charming and spacious home nestled in a quiet cul-de-sac of a well-established neighborhood. This beautifully maintained 3 bedroom, 2.5 bathroom, split-level home offers a perfect blend of comfort and convenience. The home is ideal for families and first-time homebuyers alike. Step inside to discover a bright and airy living space featuring a cozy fireplace, perfect for relaxing evenings. The open-concept layout seamlessly connects the living area to the dining area. The master suite is a true retreat, boasting a generous walk-in closet and an en-suite bathroom with double vanities. Two additional bedrooms are equally sizeable and share a well-appointed bathroom. The home also has custom energy efficient windows, less than 10 years of age, and new roof and gutters that are less than 2 years old. Entire home features brand new carpet and hardwood and ceramic tile flooring. The Kitchen is complete with stainless steel appliances, ample cabinet space new dishwasher and new electric stove and state of the art microwave. Outside, the private backyard provides an ideal space with deck for outdoor entertaining, gardening, or simply enjoying the serene surroundings. The attached two-car garage offers additional storage and convenience. Located just minutes from local schools, parks, shopping, and dining options; Don't miss this opportunity to make this lovely house your new home! Schedule a tour today and experience the best of Lithonia living.
Source: GAMLS #10426673
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10426673
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: #10426673
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.