550 Offaly Ln Atlanta, GA 30349
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About this home
550 Offaly Ln – a handsome brick-front traditional home in the heart of South Atlanta, offering both curb appeal and spacious living! Built in 2015, this beautifully maintained 4-bedroom, 3-bathroom home features nearly 2,500 square feet of well-designed space, perfect for families and entertainers alike. As you step into the foyer, you're greeted by rich hardwood flooring that leads to a formal living room and a separate dining room—ideal for large gatherings or intimate dinners. The heart of the home is the open-concept kitchen with a generous eat-in breakfast area—what many now call the “new living room.” Whether you're preparing meals or hosting guests, this layout allows for seamless interaction between the kitchen and family room. Upstairs, you’ll find spacious secondary bedrooms with soaring vaulted ceilings that elevate the space and bring in natural light. The crown jewel of the home is the oversized master suite, truly the size of two bedrooms! This luxurious retreat offers ample space for relaxation, a sitting area, and room to unwind—you may never want to leave. With its sand-tone elevation, timeless finishes, and a floor plan that blends function with beauty, this home checks all the boxes. Located near parks, schools, and shopping, 550 Offaly Ln is ready to welcome you home. Don’t miss your chance to tour this standout South Atlanta gem!
Source: FMLS #7666012
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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.