Welcome to 1022 Oak Way, a beautifully maintained custom home tucked among the trees in one of Canton's most picturesque settings. Lovingly cared for by its original owners, this property showcases exceptional craftsmanship, timeless millwork, and the kind of quality construction that is increasingly difficult to find. The thoughtfully designed floor plan offers open-concept living spaces filled with natural light and framed by stunning year-round views. A sunroom, screened porch, and expansive new Trex deck create the perfect setting to relax, entertain, or simply enjoy the peaceful surroundings. Perched among the mature hardwoods, the home feels like an elegant adult treehouse with nature on display from nearly every window. Outside, you'll discover beautifully terraced landscaping, extensive hardscaping, lush gardens, and gorgeous flagstone accents that blend seamlessly into the natural setting. Every corner of the property reflects years of meticulous care and pride of ownership. While some cosmetic updates may be desired including interior paint upstairs and bathroom renovations, the home's bones, character, and craftsmanship provide an incredible opportunity to personalize a truly special property. Homes with this level of quality, setting, and architectural detail are rare to find. Located off the highly sought-after Sixes Road corridor, this home offers the perfect blend of privacy and convenience. Residents enjoy access to outstanding neighborhood amenities including a stocked fishing pond, swimming pool, tennis courts, pickleball courts, playground, and more. Despite its serene setting, the property is located less than a mile from I-575 and just minutes from top-rated schools, shopping, dining, fitness centers, and everyday conveniences. *New windows, new HVAC, newer water heater, new Trex deck, and Generac. If you've been searching for privacy, exceptional outdoor living, and timeless craftsmanship surrounded by nature, 1022 Oak Way is a home that must be experienced in person.
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.
