1739 Drew Dr NW Atlanta, GA 30318
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About this home
Discover your dream home nestled in the vibrant heart of Atlanta and offered by the Original Owner! This exquisite 3-bedroom, 2.5 bathroom residence features an open floor plan, perfect for contemporary living and entertaining. The expansive living area, bathed in natural light, includes a charming fireplace. The spacious kitchen is a culinary haven, complete with elegant granite countertops, a gas range, abundant counter space and modern appliances. Upstairs, you'll find three generously proportioned bedrooms. The owner's suite includes an ensuite bath and a spacious custom closet. The fenced, flat backyard serves as an ideal outdoor retreat for entertaining and relaxation, with plenty of space for gardening and play. A two-car side garage offers convenient parking and storage, while the corner lot enhances privacy and curb appeal. This home has been thoughtfully updated in 2023 with fresh paint, a new HVAC system, and new flooring, ensuring it's move-in ready. Perfectly located near midtown Atlanta, it offers easy access to shopping, dining, and entertainment while providing a tranquil escape in a bustling urban environment. Plus, the community boasts a brand new, amazing pool for your enjoyment!
Source: GAMLS #10635262
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.