1340 Hawthorne Ave SE Smyrna, GA 30080
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About this home
PREFERRED LENDER OFFERING $10K GRANT WHICH CAN BE APPLIED TOWARDS DOWNPAYMENT, CLOSING COSTS, OR RATE BUY-DOWN! POSSIBLE LEASE OPTION! If you're looking for a family-friendly home that's just a short stroll from Smyrna Market Village, this beauty checks all the boxes. Experience the ultimate in comfort and convenience with this beautifully renovated single-level ranch in the heart of Smyrna. This vibrant home features a bright, spacious kitchen with luxurious white quartz countertops and sleek stainless-steel appliances-ideal for any culinary enthusiast. Gather in the large dining room, enhanced by stunning exposed beams, or relax in the sunlit front sunroom. The versatile 4th bedroom at the rear can easily be used as a home office. Enjoy the privacy of your backyard, perfect for sipping morning coffee or hosting evening BBQs with loved ones. Situated near Smyrna Market Village, downtown Smyrna, Truist Park, The Battery, Silver Comet Trail, golf courses, a diverse array of dining and shopping options, corporate offices, and just 30 minutes from the airport, this home provides exceptional access to the best of Smyrna. Better Hurry! This is the one!! This property is eligible for a $10k Truist Grant, ask about the details. ALSO, VA-ELIGIBLE BUYERS CAN TAKE ADVANTAGE OF ASSUMING THE CURRENT LOAN AT AN ATTRACTIVE 3.375% INTEREST RATE. This property is eligible for a $10k Truist Grant which can be used for downpayment, closing costs, or buy-down, ask about the details. IF BUYER IS INTERESTED, THE FURNITURE AND SECURITY SYSTEM IS FOR SALE.
Source: GAMLS #10602354
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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.
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