1247 Lucile Ave SW Atlanta, GA 30310
Your savings
About this home
Stepping back in time while enjoying the best of modern living, this captivating home in Atlanta's Historic West End is a true masterpiece. This isn't just a house; it's a piece of history, meticulously reimagined for today's discerning homeowner. Beyond the charming exterior, the home unfolds to reveal a seamless blend of classic character and exceptional renovation. A welcoming sunroom, anchored by a rustic stone fireplace, flows into the living and dining areas, creating a perfect space for gatherings. The heart of the home, the kitchen, is a chef's dream, featuring a sophisticated stone backsplash, stainless steel appliances, a classic farmer's sink, and a gas range-all set against the warmth of gleaming hardwood floors that continue throughout the entire home. With six bedrooms and four baths, there is no shortage of space. The main floor offers a private retreat with a primary suite and a gorgeous ensuite bathroom. The surprises continue upstairs, where four additional bedrooms and two full baths await, along with a conveniently located laundry room. The home also includes a finished basement, offering even more versatile living space. But the appeal doesn't stop indoors. The fenced backyard is an urban oasis, complete with a charming gazebo that provides the perfect shaded spot for summer barbecues and outdoor entertaining. This isn't just an opportunity to own a home-it's a chance to own a piece of the past, with all the luxuries of the present.
Source: GAMLS #10593602
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.