1803 Silver Leaf Dr SW Marietta, GA 30008
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About this home
BACK ON MARKET Due to no Fault of the Seller! The previous buyer did not show up at closing. Great opportunity in Marietta! This well-maintained 4-bedroom, 2-bath home features a fully finished basement with a private bedroom-perfect for an in-law suite, guest space, home office, or to generate residual income. The main level offers a cozy living room, a separate dining area, and a traditional kitchen that is functional and well-kept. While not recently renovated, the home has been lovingly cared for, making it move-in ready or an excellent option for light cosmetic updates to make it your own. Enjoy a large, private backyard with plenty of potential for entertaining, gardening, or simply relaxing. Nestled in the desirable Woodmere neighborhood, you're just minutes from: Sanders Elementary, Garrett Middle, and South Cobb High schools Outdoor recreation at Bells Ferry Park, East Cobb Park, and nearby access to the scenic Silver Comet Trail Convenient shopping, dining, and the Cobb County Public Library branches Easy commuting via I-285, I-75, and local bus service (CobbLinc) This property is an excellent opportunity for homeowners or investors to own a spacious, income-producing home in a strong Cobb County location. Schedule your private showing today-homes with finished basements and such a great location don't last long! Note: The carpet has been completely replaced.
Source: GAMLS #10557525
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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.