Welcome to 107 Millstone Manor Court, a move-in-ready traditional home offering low-maintenance living, thoughtful updates, and outstanding future potential. Set on a mature lot, this 5 bedroom, 3 bath home includes a massive full daylight basement with exterior access and stubbed plumbing for a future bath. The main level features hardwood floors, fresh neutral paint, a formal dining room, a traditional living room, and a soaring two-story family room with a wall of windows and stone fireplace. A full guest suite with an ensuite bath on the main floor provides an ideal space for visitors or multigenerational living. The chefs kitchen offers rich wood cabinetry, granite countertops, stainless steel appliances, a custom backsplash, and a walk-in pantry with clear views into the family room. Upstairs, the oversized primary suite includes a sitting room, spa-inspired bath, and large walk-in closet. Three additional bedrooms and a full bath provide flexible living space. The huge unfinished basement offers room for a home theater, gym, workshop, playroom, or an additional suite. The backyard features brand-new sod and a low-maintenance landscape, plus a freshly painted deck perfect for relaxing or entertaining. With three sides of brick, fresh exterior paint, updated landscaping, and no construction wait times, this home offers meaningful advantages over new builds. Located near Arnold Mill Elementary and minutes from Downtown Woodstock and Roswell. Zoned for Mill Creek Middle and River Ridge High. Preferred lender offers a 1 percent lender credit.
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.
