2587 Alvecot Cir SE Atlanta, GA 30339
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About this home
(2k Broker Bonus if contract in before November 1) Looking for a shorter commute and a nice quaint neghborhood?! Well look no further and look forward to having easy access to interstates, downtown, midtown and buckhead!! This active and friendly Vinings/Smyrna neighborhood is minutes from The Battery, The Silver Comet Trail, Cumberland Mall and Smyrna Market. The sizable 2-story foyer, attractive flooring, and enhanced asthetics throughout the property will instantly take your breath away. Everything in the house is authentic and not virtually staged. Welcome yourself to an open concept of space and fully renovated chefs kitchen with white cabinets, and stainless steel appliances compliment the seperate dining room perfectly. Entertaining and hosting will be a delight with this spacious family room and fireplace. Step outside to your own personal oasis with a vibrant fenced in backyard patio to digress your days away. Upstairs accomadates a spacious primary retreat with a luxuriously upgraded bathroom (seperate soaking tub, standing shower, and dual vanities). Two secondary bedrooms share a fully renovated hall bathroom to make any guest feel right at home. New roof and water heater was updated in 2022. Laundry made easy with its downstairs location. Enjoy a low HOA fee that covers water, sanitation services, and lawn maintanence. An abundance of retail shops, restaurants are only a few minutes away. 10k GRANT AVAILABLE TO ASSIST BUYERS WITH PREFERRED LENDER!!! All of this can be yours along with low Cobb county taxes! MOTIVATED SELLER, SEND ALL SERIOUS OFFERS!!
Source: FMLS #7595951
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Close stress-free in 45 days, handled start to finish by Roam.
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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.