413 Atlas Ct Locust Grove, GA 30248
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About this home
This beautiful 5 Bedroom/ 3 Bathrooms with finished basement and half bath. This home is nestled located in the cul de sac of the neighborhood, perfect location on a great level lot. This home has so much to offer from the open floor plan concept to the basement which could serve as multiple purposes. This home features an light and airy foyer, formal living, dining room, family room and gourmet kitchen that's super perfect for entertaining. The plan also features a bedroom and bath on the main level which could be great for guest. Upstair gives this plan a great flow from the 3 oversize bedrooms and the extra large Master suite which features a oversize sitting area. The laundry room is located upstairs as which makes doing laundry super easy. The bonus to this home is the super hard to find finished basement, where the possibilities are endless to what you can do. This will be perfect for a home gym, office, man cave, bar, in-law suite or teen suite. Don't miss out on this hard to find gem. This home is move in ready so it will be the perfect for spring. THIS BEAUTIFUL PROPERTY OFFERS AN EXCEPTIONAL BUYING OPPORTUNITY!! THE SELLER IS GENEROUSLY OFFERING UP TO 3% IN SELLER'S CONCESSIONS, WHICH CAN BE PAID TOWARDS CLOSING COST, PREPAID EXPENSES, OR OTHER FINANCIAL INCENTIVES.
Source: GAMLS #10531467
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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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