7553 Cole Ln, Atlanta, GA 30349
4 beds · 3 baths · 2,338 sqft
Welcome to your dream home in South Fulton nestled in the prestigious sought-after Walden Park Community! The home's main floor opens up to a 2-story foyer, a formal living room, formal dining room, family room featuring a cozy fireplace, and powder room. The kitchen is a highlight, featuring an island for extra counter space and an accent backsplash that adds character. All black appliances give the space a sleek and modern look. All kitchen appliances included! Off the kitchen is a nice size breakfast area. Upstairs has three generously sized secondary bedrooms and hall bathroom. The owner's suite offers luxury with a spacious walk-in closet ready to accommodate your wardrobe. The primary bathroom adds further elegance with a double vanity for convenience and a separate tub and shower, offering options for a quick refresh and/or a relaxing soak. Laundry room with included washer and dryer. Beyond the patio lies the fenced backyard, offering privacy and endless possibilities for gardening, outdoor games, and entertainment. Home warranty included! Walden Park is located approximately ten minutes from the major interstates and about fifteen minutes from Hartsfield Jackson Airport. Close to shopping and restaurants, offering convenience at your fingertips. This subdivision is a family friendly Swim & Tennis Community. Don't miss this incredible opportunity, schedule your showing today!
Source: GAMLS #10338297
Source: GAMLS #10338297
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: #10338297
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.