4037 Riverchess Dr SW Unit 120 Atlanta, GA 30331
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About this home
Qualifying buyers may take advantage of a 100% loan program (no down payment) for this property, which is also the best-priced home in the neighborhood! Welcome to 4037 Riverchess Drive SW, a nearly new 3-bedroom, 2.5-bathroom gem in one of Southwest Atlanta's most connected and convenient neighborhoods. Perfectly positioned near major highways, Camp Creek Marketplace, and the Porsche Experience Center, you'll have easy access to everything, including quick trips to the airport when adventure calls. Step inside to an open, light-filled main level with plenty of room to relax, host, or do both at once. Whether it's a cozy night in or a lively dinner with friends, this layout has the flexibility to match your lifestyle. The kitchen offers plenty of cabinetry, counter space, and natural light to make meal prep easy and enjoyable. Upstairs, the oversized primary suite features vaulted ceilings, a large walk-in closet, and a private bath with dual vanities, a soaking tub, and separate shower. Two additional bedrooms offer plenty of room for guests, a home office, or your next creative project. The backyard is low-maintenance and ready for weekend grilling or just kicking back with a drink in hand. All that's missing is you. If you've been searching for "the one," this is it. Come see it in person, you won't want to leave! Bonus: there are two opportunities for buyers, this home qualifies for an assumable loan with a 5.875% interest rate or Qualified buyers may receive up to $3,500 toward closing costs and could be eligible for a 1% down payment program with potential benefits up to $7,000. Incentives subject to buyer qualifications and program guidelines.
Source: GAMLS #10566209
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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.