Exceptional craftsmanship shines throughout this custom home in the wonderful Crooked Creek neighborhood, ideally situated on the 3rd hole of Iron Horse Golf Club. Completely updated and thoughtfully designed, this home offers an incredible blend of luxury and comfort. From the moment you arrive, the curb appeal stands out. Step inside to a stunning two-story foyer that opens to the formal living and dining rooms. The spacious family room flows seamlessly into the kitchen, creating the perfect layout for everyday living and entertaining.Just off the kitchen, you’ll find a screened porch and expansive deck overlooking the backyard and golf course - an ideal setting to relax and unwind. The kitchen is a chef’s dream, featuring a Wolf range, industrial vent hood, pot filler, built-in appliances, farmhouse sink, and quartz countertops. The updated laundry room is both stylish and highly functional.Upstairs, the spacious primary suite includes a beautifully renovated spa-like bathroom and a large walk-in closet. A versatile bonus room with a fireplace offers endless possibilities perfect for a home office, additional bedroom, or playroom.The terrace level is truly one of the home’s standout features and an entertainer’s dream. Enjoy a game of pool or watch your favorite sporting events around the custom wet bar, complete with a kegerator (2 taps), ice maker, beverage fridge, microwave, sink, and wine storage. Sliding windows above the bar were installed with future poolside service in mind. The terrace level also offers a space to get a home workout in in your home gym, an additional bedroom for guests to stay and ample storage space. Don’t miss the third-car garage, fully heated and cooled ideal for a sports room, additional gym space or dance studio. Additional features include newer HVAC systems, new roof, three car garage, electric car hook up, sprinkler system, Wildlife exclusion warranty, and epoxy garage floor. Crooked Creek offers outstanding amenities including golf, swim, tennis, pickleball, and more. The location is unbeatable, just minutes from Downtown Alpharetta, Avalon, Halcyon, Downtown Milton, and numerous parks.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
