Nature lover's private hideaway, beautiful multi-generational family compound, or income producing property with 2 detached apartments and NO HOA in sought after convenient location! This custom-built expansive property sits on 2.62 level acres backing up to gorgeous private woods, is located in a quiet area, centrally located in Cherokee County, just a quick hop to Downtown Canton, Cartersville, Waleska (Reinhardt College), Jasper, for shopping, schools and outdoor activities. This amazing property is NOT VISIBLE from the road - it sits back at the end of a long private wooded driveway. New updates and recent improvements (including bath vanity/sink, glass shower enclosure, eco-friendly toilets, smart stove, paint, LVP flooring, light fixtures, glass doorknobs, etc). This property is truly a nature-lovers retreat with big-sky views perfect for starwatching, and the potential for adding fun upgrades throughout the lot. PLUS it is only 5 mins to the boat launch at Lake Allatoona for adventures on the lake! Plenty of space for your recreational vehicles with large parking pad for your boat or your RV! As you walk into the main 2-bedroom stepless ranch, you will be greeted by a magnificent light-filled space with grand cathedral ceilings and wall to wall windows offering nature's views including mature trees surrounding the property. North Georgia's best views from every window unfolds beautifully with the changing of the seasons. Start your day with coffee on the custom painted tile kitchen island, entertain your guests at the granite kitchen bar while whipping up your favorite gourmet meal; then dine in the open-concept dining room fit for a party of 12. Enjoy the songbirds while cooking BBQ, dining al-fresco in your own courtyard. After the socializing, you'll love retreating into the newly updated main bathroom boasting a modern new vanity & mirror, an extra large shower with new glass enclosure, or relax in the jetted tub with picture windows over a private patio revealing a gorgeous view of the tall trees. On moonlit evenings, as you look up from the tub the full moon and stars peak through the trees...step out and flip on your double-sided fireplace after the bath, keeping your cozy on either side - bathroom or bedroom. Then fall asleep peacefully under cathedral ceilings in the large master bedroom, which additionally has double French doors to the ultra private backyard where you can enjoy your morning breakfast. Through the breezeway on the other side of the columned portico, you will find the detached 2-car garage and 2 full apartments, waiting for your family, your guests or immediate passive income. The main house and downstairs apartment are ground-level, while the upstairs apartment has great seasonal views of a small lake from its own private deck. The one-bedroom apartments are approximately 700 sf each with extra large bedrooms, kitchen, full bath, living room, eat-in bar and individual washer/dryer hook ups. Both units are completely independent, each has its own entrance and phenomenal views of the woods. NOTE: Owner occupied, so please no drive-bys. Please call or text to make this your new Home Sweet Home soon!
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.
