977 Moda Dr, Atlanta, GA 30316
2 beds · 3 baths · 1,631 sqft sqft
With an unbelievable 2.375 percent assumable interest rate and the best location in the neighborhood, this townhome is a rare opportunity for the savvy buyer who values privacy, serenity, prime location and significant financial savings—potentially $800 per month. Imagine waking up in a peaceful oasis with the morning sun streaming through oversized windows, filling your modern townhome with natural light. The open design and high ceilings create an airy, inviting space, blending style and warmth effortlessly. Nestled in the most desirable spot within the neighborhood, this home is not only a sanctuary but also an outstanding investment. Step into your beautifully designed kitchen, outfitted with high-end stainless steel appliances and a Wi-Fi-enabled fridge. Picture yourself preparing meals on the oversized island as friends and family gather in the seamlessly connected hangout areas. From there, slide open the doors to your private back deck, where lush bamboo creates a tranquil, mountain-like retreat in the heart of Atlanta. It’s the perfect space for sipping morning coffee, unwinding in the evening or hosting unforgettable dinner parties under the stars. The third level offers two spacious bedrooms, each with private en suite bathrooms and walk-in closets, delivering comfort and convenience. The thoughtfully placed laundry area on this level makes everyday living a breeze. On the lower level, a versatile flex space invites endless possibilities—whether as a home office, gym or creative studio, it’s designed to adapt to your needs. Your two-car garage is more than a parking space. With epoxy floors, added shelving, a workbench and a sink, it’s the ultimate workshop for projects or hobbies. Just outside, an additional outdoor area with a grill and seating is surrounded by bamboo, offering another peaceful and private retreat. Living here means leaving the car behind to enjoy everything Atlanta has to offer within close proximity. Take advantage of the walkability to the Atlanta Beltline, Breaker Breaker, Krog Market, Ponce City Market or Cabbagetown. Indulge in the city’s vibrant culinary scene, with favorites like Muchacho, Grindhouse Burgers, Boca Lupa, Carroll Street Café and Revolution Doughnuts just minutes away. For longer journeys, the Inman Park MARTA Station is only moments from your front door. Nestled in the safe, quiet enclave in Historic Reynoldstown, this community also features fantastic amenities, including a swimming pool and a gated dog run, perfect for meeting neighbors or enjoying the outdoors. Opportunities like this are truly rare—situated in the heart of the city, yet in the most tranquil spot in the subdivision. With significant savings from a 2.375 percent assumable interest rate, a smart buyer will recognize this as an exceptional investment in their future.
Source: FMLS #7484643
Interest rate and monthly payment estimated based on public records.
Source: FMLS #7484643
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: #7484643
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.