2205 Meador Ave SE Atlanta, GA 30315
Your savings
About this home
SELLER TO PROVIDE A 2-1 RATE BUYDOWN! RATES IN THE 4'S FOR FIRST YEAR AND 5'S FOR THE SECOND! Simply stunning Modern Farmhouse featuring 3 bedrooms PLUS office, 2.5 bathrooms, unfinished basement room, built in mud room area and a rare two car drive under garage! Gorgeous high-end finishes include white oak wide plank hardwood floors, box beam ceiling, built-in window seat with storage, wide cone pendant lighting, floating shelves, ship lap fireplace, barn door pantry, tons of built-in shelving and the list goes on!! Amazing chef’s kitchen is fully equipped with large island, stainless steel 5-burner convection range, custom range hood, dishwasher and 4 dr french door refrigerator, slide out cabinet shelving and note cabinets go to the ceiling! Primary suite features vaulted ceilings, walk-in custom closet, marble tile, brushed gold luxury fixtures and oversized shower with separate handheld! Two additional bedrooms, hall bath with storage shelving and laundry closet complete the upstairs. 10ft ceilings on the main, rear floor to ceiling windows and door lets abundance of natural light stream in and opens to oversized back deck that truly is your area of peace and serenity with wooded views and nature sounds, hard to imagine you are living in the city! Plenty of storage, basement room perfect for home gym, 2 car garage with charging station, window blinds throughout, freshly stained front porch, fresh interior paint, this home has it all! Southtowne Trail access is literally just steps away at end of the street taking you through two miles of the prettiest scenery and the Swann Nature Preserve, South Bend Park and the South River, all this outside your front door! Welcome to Historic Lakewood Heights where access to Atlanta Hartsfield International Airport, Screen Gems Studios, Lakewood Amphitheatre, all interstates and everything Atlanta is just minutes away!
Source: FMLS #7667456
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.