5232 Mainstreet Park Dr Stone Mountain, GA 30088
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About this home
RARE 3.85% ASSUMABLE LOAN! WOULD YOU LIKE A 3.85% RATE? Opportunities like this almost never hit the market, and with today’s rates, this feature alone makes this 3-bedroom, 3-bath home the most affordable and desirable option in Stone Mountain’s beloved Mainstreet community. Inside, the spacious floor plan offers soaring vaulted ceilings, a large living and dining area, a flexible lower-level bonus room, and private bedrooms designed for restful retreats. Let's not forget the generous deck—perfect for entertaining, relaxing, or gathering with loved ones. Sellers have added thoughtful updates including a new hot water heater, all new PEX plumbing, serviced AC with UV air purification, French drain installation, premium vinyl flooring in the basement, fresh interior paint throughout including the fireplace, and even a garage makeover with fresh paint and upgrades. Outside, the yard is ready for play, gardening, or quiet evenings, and the lower level offers endless potential as a private in-law suite, guest space, or even a house-hack setup with a roommate. Life in Mainstreet is just as special as the home itself, with tree-lined streets, a sparkling pool, tennis courts, serene pond, and peaceful green spaces that make it feel like a hidden retreat while still being just minutes from Stone Mountain Park, MARTA, I-20, I-78, and I-285. With low HOA fees and a once-in-a-generation financing advantage, 5232 Mainstreet Park Dr isn’t just a home—it’s a lifestyle and an incredible value in one of Stone Mountain’s most sought-after neighborhoods. Welcome home, you’ve earned it.
Source: FMLS #7658699
Neighborhood
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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.