808 Madison Ln SE, Smyrna, GA 30080
2 beds · 2 baths · 1,267 sqft
Located in the heart of Smyrna, this charming condo offers convenient access to an array of shopping and dining options that cater to all your desires. As you enter, youCOll immediately notice the elegant hardwood floors that set a welcoming tone throughout the spacious open floor plan. Stepping into the kitchen, you'll find that the owner has thoughtfully updated both the lighting and flooring, creating a peaceful environment that makes every meal feel special. Moving further into the home, the secondary bedroom serves as a versatile spaceCoperfect for a workout room, an office, or accommodating visiting in-laws, thanks to the updated full bath located conveniently across the hall. The oversized master bedroom is a true retreat, featuring an enclosed walk-in closet and a luxurious bathroom with both a separate tub and shower, providing a private oasis just for you. But the best is yet to come! Step outside onto the inviting balcony, where the previous owner has installed faux grass and ambient exterior lighting. This outdoor space becomes your personal sanctuary, perfect for unwinding after a long day or enjoying your morning coffee. And if you're looking to cool off, the community pool offers a refreshing escape, ideal for those hot Georgia summers. This condo truly blends comfort, convenience, and style, making it a perfect place to call home.
Source: GAMLS #10385044
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10385044
Source: Public records
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: #10385044
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.