Set along Signature Hole #5 of the Preserve Golf Course, this spectacularly maintained four-sides brick ranch combines scenic golf frontage, and effortless single-level living in the heart of Reynolds Lake Oconee. Enjoy beautiful golf course views with glimpses of the water in the distance from the expansive rear grilling porch, ideal for relaxing or entertaining. The cheerful and spacious living room features a cathedral ceiling, stone fireplace, built-in bookcases, and a wall of windows filling the space with natural light while showcasing the golf course setting. A separate dining area offers built-in cabinetry for displaying keepsakes, abundant natural light from surrounding windows, and direct access to the inviting back porch. Designed for comfort and accessibility, this home offers three bedrooms and two and a half baths, providing welcoming space for both owner and guests. The warm, efficient kitchen flows effortlessly into the main living areas and features all new stainless steel appliances, quartz countertops, a center island, and a built-in desk area. Ideally located within the community with exceptional access to Reynolds Lake Oconee amenities and the Ritz Carlton, the home sits on a quiet crescent-shaped road just off Linger Longer Road, highlighted by beautifully landscaped common areas maintained by the HOA. Additional features include a two-car garage with pull-down attic storage, plus major system updates including roof, water heater, and HVAC already replaced. Don't miss this opportunity to enjoy comfortable, single-level living in a desirable Preserve golf course setting at Reynolds Lake Oconee. Seller will sell fully furnished. Golf Membership Available.
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.
