VA loan
1 of 45
VA loan
$414,850

8026 Stillmist Dr, Fairburn, GA 30213

5 beds · 4 baths · 2,878 sqft sqft

This stunning traditional front sided brick residence nestled in a fantastic neighborhood just 16 minutes from ATL Hartsfield Airport. This prime location combines the charm of suburban living with the convenience of easy access to the city. As you approach the front, the classic façade invites you in, hinting at the elegance that awaits inside. Step through the grand two-story foyer, where natural light cascades through large windows, creating a welcoming ambiance that instantly makes you feel at home. The heart of the house is the open-concept kitchen, seamlessly connecting to the spacious family room. The kitchen features modern appliances and ample counter space, making it a perfect hub for family gatherings or entertaining friends. From here, you can easily transition to the family room, where a cozy fireplace serves as a focal point, providing warmth and a relaxing atmosphere for evenings spent together. The master suite is a true retreat, complete with its own sitting area, perfect for quiet mornings or evening reads. The addition of a private fireplace creates an intimate ambiance, making this space a sanctuary of comfort and luxury. Large windows offer serene views of the surrounding landscape, enhancing the tranquil feel of the suite. The home boasts four additional bedrooms, each spacious and thoughtfully designed, ensuring plenty of room for family or guests. The four bathrooms are elegantly appointed, combining functionality with style to cater to the needs of a busy household. Convenience is key with the laundry room located on the upper floor, making it easy to quickly put away clothes and keep your living space organized. Situated in a great neighborhood, this home is close to parks, schools, and community amenities, providing the perfect backdrop for family life. With its blend of traditional elements and modern living, this inviting home is ideal for both relaxation and entertaining. Whether you’re hosting a family gathering or enjoying a quiet night by the fireplace, this residence promises to be a cherished haven for years to come. Plus, with just a short drive to the airport, you’ll enjoy both the tranquility of suburban life and the ease of travel at your fingertips.

Interest rate 3
2.375%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,080
With Roam
$1,677
Reduce your monthly payments by $596 when you assume this mortgage.
You also save $187,862 in total interest paid.

$161,667
Edit

You may be able to put down less than the total down payment amount of $161,667 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
2,878 sqft
Lot size
0.27 acres
Year built
2016
Type
Single Family Residence

Source: FMLS #7462720

Loan
Remaining term
26 years, 3 months
Rate
2.375%
Monthly P&I
$1,080
Remaining loan balance
$253,182

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Oct 22, 2024 09:15 am
Listing agent: Michelle Calcagno (404) 431-1400
Listing provided courtesy of: Heritage Oaks Realty Westside, LLC
Details provided by FMLS and may not match the public record.
MLS ID: #7462720
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please visit https://www.fmls.com/dmca.htm to review our DMCA policy and learn how to submit a takedown request. © 2024 FMLS.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,080/mo
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