7559 KNOLL HOLLOW RD, Lithonia, GA 30058
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.)
You may be able to put down less than the total down payment amount of $69,098 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #7409236
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.