CALLING ALL INVESTER'S & FIRST TIME HOME BUYERS! SOLD AS IS, 3 bedroom 2 full bath, 1,309 square foot ranch-style cottage ready for you to make it your own home! Sits privately on a fully fenced with gate on a 1.374 acre lot! All kinds of room & fun to ride all terrain vehicles, run around, soak some sun in a 15ft above ground pool with 2 year old liner, freshly cleaned sand filter and a covered deck. Enjoy working on your hot rod in a fully powered 20+ Foot shop! There you can burn a fire in a wood burning stove. Concrete slap inside of building fit for an office for business owners. Covered Front & Back Porch! Enough room on back porch to grill out and host gatherings! Tucked away in a quiet area, not far from growing little town of Bethlehem & town of Winder. In Bethlehem you will find, Barrow Crossing Plaza where you can satisfy all your shopping needs! We have a Publix and brand new Kroger! Along with retail stores like Belk, Tj Maxx, Five Below, and Target. Minutes away from Northeast Georgia Physicans Group offering Primary Care, Ortho, OB/GYN, Cardiology, Surgery, and Urgent Care. Small town, BIG OPPORTUNITES!! Nearby schools include, brand new Austin Road Elementary School, Haymon Morris Middle School, Apalachee High School. Near Austin Road Elem is a thriving career driven high school BASA (Barrow Arts and Science Academy). Along with Lanier Technical College. Small drive to Christian Academy, Bethlehem Christian Academy (BCA). Here in Barrow County, you are part of a community! Where everyone knows your name! Where everyone supports each other!
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.
