910 E Lake Dr, Decatur, GA 30030
3 beds · 2 baths · 2,101 sqft
Welcome to this charming, updated ranch home in the heart of Oakhurst! Nestled behind a classic white picket fence, you'll immediately feel at home as you step onto the inviting covered front porch. Inside, the bright living room features a stunning stone fireplace, creating a cozy focal point while gracefully dividing the living area from the formal dining room. The kitchen is a chef's delight with beautiful granite countertops, stained cabinets, and stainless steel appliances. Adjacent to the kitchen, a versatile flex room is currently used as a breakfast room, perfect for casual dining. Gleaming hardwood floors flow throughout the home, adding warmth and elegance. The spacious master suite offers serene comfort with double doors that open to the expansive back deck, ideal for outdoor relaxation. The master bathroom boasts dual vanities, a large walk-in shower, and a walk-in closet for ample storage. The large deck overlooks a fully fenced backyard, providing plenty of space for entertaining or enjoying the outdoors. A separate garage adds convenience to this already perfect property. Located within walking distance of shops and restaurants, and part of the highly sought-after Decatur city school district, this home offers both charm and location. DonCOt miss your chance to call this Oakhurst gem your own!
Source: GAMLS #10425803
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10425803
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: #10425803
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.