2360 Annes Lake Cir Lithonia, GA 30058
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About this home
Welcome to 2360 Anne's Lake Circle, where timeless elegance meets modern convenience in the highly desirable Phillips Trace community of Lithonia. This 3-bedroom, 2.5-bathroom lakefront retreat offers the perfect blend of sophistication, comfort, and everyday functionality. Did I mention this loan is ASSUMABLE !! Get this rate completely below current market rate! Step inside and be greeted by gleaming hardwood floors that span the entire main level, creating an open and inviting flow. The chef-inspired kitchen showcases gleaming granite countertops, rich cabinetry, and a seamless connection to the dining area, making it perfect for both casual family meals and elegant entertaining. The adjoining family room, anchored by a beautiful fireplace, sets the stage for cozy evenings and memorable gatherings. Upstairs, indulge in the luxurious owner's suite, a true sanctuary featuring a private sitting area ideal for morning coffee or quiet reading. The en-suite bath offers spa-like comfort, while the extra-large walk-in closet provides exceptional space designed for dual living. Two additional bedrooms, each spacious and carpeted for warmth, offer comfort and flexibility for family, guests, or a home office. The outdoors is just as captivating - enjoy a fenced backyard that opens to serene lake views, offering both privacy and tranquility. Whether hosting summer barbecues or simply unwinding at sunset, this space is perfect for creating lasting memories. Set in unincorporated DeKalb County, this home sits in a beautiful, well-kept neighborhood just a short walk to Lithonia High School, with easy access to shopping, dining, and major highways. Blending upscale finishes with an unbeatable location, this property delivers more than a home - it offers a lifestyle of comfort, elegance, and convenience.
Source: GAMLS #10595317
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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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