Set on 4 private acres in the Southbend neighborhood, this spacious 3,890 square foot home offers 5 bedrooms, a large bonus room, and 3.5 bathrooms, blending thoughtful updates with the kind of space that's becoming harder to find this close to town. Inside, the updated kitchen serves as the heart of the home, featuring quartz countertops, a custom island, dual sinks including a hands-free faucet, gas range with pot filler, disposal, and a distinctive window bar that brings in natural light and creates a great gathering space for family and guests. The home has been carefully refreshed throughout, including fresh interior paint, brand-new carpet upstairs and in the primary suite, and a new roof installed in February 2026 with transferable warranty. The primary bathroom was updated within the last five years, creating a comfortable and modern retreat. Additional upgrades add both efficiency and convenience, including a tankless gas water heater, gas fireplace with custom mantle, refreshed blown-in insulation, smart lighting, Ecobee smart thermostats, and gigabit-speed internet availability. The garage is also equipped with a 40-amp EV charger for convenient at-home charging. Outside, the 4-acre property offers privacy while still being part of an established neighborhood setting. A 10x20 powered outbuilding with its own electrical panel, roll-up door, shelving, and workbench provides excellent space for a workshop, hobbies, or additional storage. The location keeps you conveniently connected, with downtown Carrollton only 10-15 minutes away, Newnan about 25-30 minutes away, and Atlanta's airport roughly an hour away with less than five miles of interstate travel. If you've been searching for space, updates, and a home that balances privacy with convenience, this Southbend property offers a rare opportunity.
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.
