863 Ambient Way SW, Atlanta, GA 30331
2 beds · 3 baths · 1,352 sqft
Welcome to this nearly-new townhome, just 4 years young, offering a blend of modern design and urban convenience. With an open-concept floor plan and thoughtful upgrades throughout, this home is move-in ready and perfect for today’s lifestyle. The main floor features beautiful hardwood flooring and a spacious family room with a cozy fireplace, creating an inviting space for relaxation or entertaining. The modern kitchen boasts a large island with pendant lighting, breakfast bar seating, and plenty of workspace. A conveniently located half bath completes the main level. Upstairs, you’ll find two generously sized bedrooms, each with its own en-suite bathroom. The primary suite features a double vanity and a walk-in shower. A versatile flex room provides endless possibilities—ideal for a home office, playroom, game room, or home gym. Step outside to your gated backyard with a covered patio, perfect for enjoying outdoor moments in privacy. This home also includes one deeded parking spot and additional unassigned guest parking. Located in a gated community just minutes from the airport, Mercedes-Benz Stadium, and the BeltLine, this property offers great access to Atlanta’s best amenities. With no rental cap in the HOA, this home is also an excellent investment opportunity. Preferred lender offering 3k, 5k and 6,500 first time homebuyer grants for qualified buyers!
Source: FMLS #7511567
Source: FMLS #7511567
Source: Public records
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%. 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.
Other resourcesWhat 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.
