7503 Knoll Hollow Rd Lithonia, GA 30058
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About this home
Welcome Home! One of the largest townhome foorplans, over 1800 sq. ft. Experience peaceful living in this sought after Lithonia Stonecrest community where serenity and modern conveniences meet. Step into the foyer and you are greeted by an open concept floorplan, creating a cohesive flow throught the home. The kitchen is a great starter with the oversize island, granite counters, stainless steel appliances which overlooks the dining and living area. The focal point of the living area is a beautiful fireplace, cozy up and enjoy your new home. Adjacent to the fireplace, a large window allows natural light to stream in, illuminating the space and offering views of your private patio area. The second level boast three large bedrooms including the primary bedroom. Enjoy the privacy of the primary, separated from the secondary bedrooms. Walk-in closet, luxury bath with soaking tub and seperate shower. Two oversized bedrooms and a conveniently located laundry area completes the upper level. A rare find for townhomes, a 2 car garage. Lastly, this community has great amenities! Sidewalks if you want to enjoy nature while taking a walk. A sparkling swimming pool for relaxing or taking a dip. For the sports enthusiasts, well-maintained tennis courts invite friendly matches while the kids play on the playground. Creekside Village is centrally located and offers a mix of shopping, dining, and entertainment options, as well as easy access to highway. HOA maintains lawn.
Source: GAMLS #10585862
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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.