2520 Parkdale Pl NE Atlanta, GA 30305
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About this home
INTEREST RATE BUYDOWN TO BE CONSIDERED ON QUALITY OFFERS. Welcome to this incredibly charming home on one of the best kept secrets in Garden Hills. Located on a cul-de-saq, this property sits toward the end of a dead-end street where there is very little, if any, outside traffic. Perfect for families with young ones to wonder free from concern! Featuring multiple living spaces on the main level and an oversized kitchen with a massive kitchen island perfect for hosting, the main level of this home also features two large secondary bedrooms and two full bathrooms. Upstairs you will find a large primary suite with sitting area, and incredible walk in closet with access to an upstairs private porch, a very nice primary bathroom, and a secondary bedroom that is also perfect to serve as an office or nursery. The laundry is also located upstairs. The home has a side-facing two car garage located on the terrace level of the home. The terrace level also has lots of space for storage that could potentially be built out as more finished space. This property has an incredible yard that you overlook from the sun room on the back of the home. Located in Garden Hills, this home offers easy access to the best parts of the neighborhood: parks, Garden Hills pool, shopping, fine dining, MARTA, and easy access to interstates. This is a fantastic home in a fantastic location on a fantastic street! SHOWINGS START ON SATURDAY, OCTOBER 4.
Source: FMLS #7658243
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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.