3766 Citation Dr Decatur, GA 30034
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About this home
Priced to sell under fair market value! Recently appraised for 341k. So much potential and space in this 2,200 sq ft 4 bedroom, 3 bath home. ! Just waiting for your TLC to make this home your own. Welcome to this charming brick ranch gem situated in a beautiful community! Brick on 3 sides, a newer 3 year old roof, level front yard, large driveway, Gardener's dream backyard and no HOA or rental restrictions!! Relax and enjoy your morning coffee / favorite evening drink on your large rocking chair front porch or on the back deck overlooking the private wooded retreat! This home features refinished hardwoods and neutral paint throughout, entrance foyer, a large living & Dining area, eat-in Kitchen with white cabinets, and Family room w/ freshly painted white built in bookshelves & fireplace. The primary suite is located on the main level along with 2 additional bedrooms and a bath. Upstairs you will find a 4th bedroom with a walk in closet, a decorative fireplace full bathroom and a bonus room that could be used as extra living space, flex space, teenager suite, roommate or office. Downstairs you have an unfinished basement that could be used as storage space or finished to your liking into more space with its own private exterior door! So much potential with the square footage to make it your own with some updating! Just waiting for your TLC to make this home your own. Walking distance to the beautiful Summergate park in the neighborhood. It's conveniently located just minutes from I-20 and I-285, with easy access to shopping, entertainment, downtown Decatur, the Emory area, and is only a short 20-minute drive to Atlanta Hartsfield Airport. Don't miss out on this opportunity to own this great property and make it your own place to call home!
Source: GAMLS #10636877
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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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