Set on 4 private acres in the Southbend neighborhood, this property offers a rare combination of space, updates, and privacy just minutes from town. With nearly 3,900 square feet, the home features 5 bedrooms, a large bonus room, and 3.5 bathrooms, giving you the flexibility to spread out, host, and grow into the space over time. At the center of the home, the updated kitchen is designed to bring people together. Quartz countertops, a custom island, dual sinks with a hands-free faucet, gas range with pot filler, and a unique window bar create both function and character while bringing in natural light. The home has been thoughtfully refreshed, including fresh interior paint, brand-new carpet upstairs and in the primary suite, and a new roof installed in February 2026 with a transferable warranty. The primary bathroom has also been updated, offering a comfortable and modern feel. Additional upgrades add everyday convenience and efficiency, including a tankless gas water heater, gas fireplace with custom mantle, updated insulation, smart lighting, Ecobee thermostats, and gigabit-speed internet availability. The garage is equipped with a 40-amp EV charger. Outside is where this property really separates itself. Four private acres provide the kind of space that's getting harder to find, while still being part of an established neighborhood setting. The 10x20 powered outbuilding with its own electrical panel, roll-up door, shelving, and workbench is perfect for a workshop, hobbies, or extra storage. Located just 10-15 minutes from downtown Carrollton, 25-30 minutes to Newnan, and with quick access toward Atlanta, you get the balance of privacy without sacrificing convenience. Homes with this much space, this level of updates, and this kind of setting don't come around often-especially this close to town.
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.
