4891 Forestglade Ct Stone Mountain, GA 30087
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About this home
Beauty of The Forest! Smoke Rise has never been more desirable in this four-sided brick gem. As you enter through the two-story foyer; an expansive floor plan, highlighted by a bright neutral palette, elegant wainscoting, and refined trim, will delight you with its timeless charm. The stunning living area shines with a beautiful brick fireplace, recessed lighting, floor-to-ceiling windows, and gorgeous hardwoods, offering access to a new sprawling back deck and creating a positively chic space perfect for lively gatherings or quiet evenings at home. The large, updated kitchen sparkles with bay windows, a spacious island with bar seating, sleek quartz counters, ideal for whipping up your favorite meals or hosting festive get-togethers. Three spacious secondary bedrooms offer ample room for family, guests, or hobbies, while the main floor owner’s suite provides a serene retreat with plenty of space to unwind. A partially finished basement brims with potential, ready for your vision to transform it into the ultimate haven for movie and game nights. Step outside to a large deck overlooking a huge, wooded backyard with abundant privacy, perfect for al fresco dining under the stars or sunny afternoon barbecues. You’ll find idyllic suburban living just minutes from the iconic Stone Mountain Park and vibrant downtown, with easy access to Hwy 78, nearby shopping, dining, and schools close by. Schedule your showing today and discover the life within Smoke Rise you’ve been dreaming of!
Source: FMLS #7649174
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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.