796 Malvern Blvd, Stone Mountain, GA 30087
4 beds · 3 baths · 2,499 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Seller may consider buyer concessions if made in an offer. Welcome to your next dream home, where luxury meets comfort. Adorned with a striking fireplace, this property creates a cozy atmosphere for relaxation. The interior has been stylishly understated with its neutral color paint scheme and fresh interior paint, presenting an ambiance of elegance and simplicity. The home caters to your culinary needs with a kitchen island offering additional space for food preparation and casual dining. Outside, a patio provides a perfect spot for outdoor dining or relaxation. Stepping into the primary bathroom, you'll be delighted to see double sinks, ensuring convenience and space. Adding to the bathroom’s appeal are a separate tub and shower providing the opportunity to unwind at either a leisurely soak or a brisk shower. Taking relaxation to the next level, the bathroom also features a jacuzzi tub for those blissful spa-like retreats at home. Further enhancing the appeal of this property is the recent upgrade that includes partial flooring replacement, providing an almost-new feeling to the space. With its luxurious features, this property serves as more than just a home – it's your personal sanctuary. You are cordially invited to explore the charm and uniqueness of this property. Experience the perfect blend of comfort and sophistication that this property has to offer. Your dream home awaits.
Source: FMLS #7404572
Source: FMLS #7404572
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.