246 Old Atlanta Rd Stockbridge, GA 30281
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About this home
This adorable rocking chair front porch is great for relaxation and enjoying the peaceful setting of this quiet, nestled community. The back yard is partially fenced for more privacy with a mid-sized shed awaiting to take in all of your hide-away items. Inside you're greeted with updated LVP flooring, sizable ceiling fans and a spacious primary suite with an en suite bath. The 2nd bedroom has capacity for a queen sized bedroom suit, the 3rd bedroom is perfectly sized for a guest bedroom, office or comfortable reading room. Enjoy the warmth of a brand new gas water heater, the convenience of the secondary bathroom, laundry room, utility room and the efficiency of the galley styled kitchen with dishwasher and pantry. This cutie is sitting on a leveled, partially wooded lot with a side area carved just right for gardening. It also has a newer roof, security system and a well maintained HVAC system. The 1-car garage and additional parking pad will make parking suitable for you and your guests. Home Sweet Home is nicely tucked, yet super close to shopping, banking, restaurants, parks, library, entertainment and minutes away to I-675 and I-75. Its the ideal location promising future value and growth with new developments in nearby areas! Whether you're downsizing or just getting started, 246 Old Atlanta Road in Stockbridge is ready to provide... Charm, Convenience and Comfort! Make it yours with an offer today.
Source: GAMLS #10600989
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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.