3279 Connally St Atlanta, GA 30337
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About this home
**THIS SALE INCLUDES 2 LOTS**Ignite your imagination in this creatively inspired 3-bedroom, 3.5-bath residence located in the charming historic district of College Park. This “artistic chic” home encourages you to envision grand possibilities and turn it into your personalized masterpiece! Accompanying the sale is an additional lot, totaling nearly an acre offering limitless potential for expansion or even the construction of a second dwelling. Oozing with curb appeal - step inside to discover a vast great room featuring a soaring two-story ceiling that will leave you saying WOW! The expansive main living area is adorned with 2 fireplaces, enhancing the atmosphere and inviting multiple spaces for gatherings and entertainment. Designed with a thoughtful layout, the home includes separate wings that ensure maximum privacy, making each bedroom a personal retreat. Flexible spaces throughout can easily serve as offices, libraries, additional living areas, and more! Each bedroom is equipped with its own en-suite bath, while the primary suite boasts a private sitting area and outdoor deck—a perfect sanctuary! The generous outdoor spaces offer peaceful spots to unwind beneath a lush green canopy or host friends and family. Ideally situated, you'll enjoy quick access to Atlanta’s lively hotspots in College Park, Hapeville, and East Point Villages, Woodward Academy along with easy highway connections and proximity to Atlanta’s airport for those spontaneous trips or business travel. Seize this unique opportunity to craft the home of your dreams in a highly desirable location!
Source: FMLS #7631017
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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.