7559 Knoll Hollow Rd, Lithonia, GA 30058
4 beds · 2 baths · 1,817 sqft
Are you frustrated that you completely missed out on the super low interest rates of 2-3 years ago? Were you saving up for a big downpayment and now you feel totally left out? Well... here is your one chance to grab a 3.0% fixed rate 30-year mortgage! Really?! What's the catch? It is an FHA assumable loan at 3.0% with Freedom Mortgage on the remaining balance of $256,000! This means you bring about 25% of the purchase price as your downpayment -- and your monthly payment would be $1,944/mo* with no PMI! That makes this the 4BR townhome of your dreams in the highly sought-after Creekside Village community. This exquisite floor plan boasts an array of luxurious features designed for modern living. Step inside to find gorgeous floors that flow seamlessly throughout the main level, leading you to a bright and inviting family room complete with a cozy fireplace. The open-concept layout offers easy access to a gourmet kitchen, outfitted with sleek gray cabinets, granite countertops, a spacious island, and upscale recessed lighting - perfect for both everyday living and entertaining. Upstairs, retreat to the stunning primary suite, featuring a large bath with dual vanities, a standing shower, and an expansive walk-in closet. Three additional generously sized bedrooms and a hall bath with granite counters complete the upper level, providing ample space for family and guests. Enjoy the numerous amenities that Creekside Village has to offer, including a sparkling pool - perfect for those warm summer days. Don't miss out on this incredible opportunity to own a piece of luxury in Creekside Village. Contact us today to talk more about the assumable loan -- and then schedule your tour to make this dream home your own before August 1st! (* - Must have 600 minimum credit score and pre-qualify with Freedom Mortgage to assume this 3.0% interest rate loan.)
Source: FMLS #7409236
Source: FMLS #7409236
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: #7409236
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.