Sophisticated Top-Floor Living in the Heart of East Cobb. Experience the perfect blend of privacy and modern luxury in this stunning top-floor condo. Unlike many units in the community, 1107 Wynnes Ridge Circle offers the ultimate peace of mind with no neighbors above you and a thoughtful layout that feels like a true home. The Interior: High-End & Modern. Step through a true foyer entry —a rare find—into an open-concept living space bathed in natural light. This unit has undergone a complete high-end renovation, featuring Gourmet Kitchen: Sleek granite countertops paired with premium freshly painted cabinetry and stainless steel appliances and a beautiful tiled backsplash. Designed Finishes throughout with fresh interior paint, accented by high-end light fixtures that add a touch of modern elegance to every room. A beautifully renovated bathroom featuring custom tile work and contemporary fixtures. The top-level position ensures quiet living, while the spacious bedrooms offer ample closet storage. Extend your living space onto the private covered deck. It’s the perfect spot for morning coffee or evening relaxation, offering a view of landscaped community without the foot traffic of lower-level units. Located in the highly sought-after Wynnes Ridge community, you are steps away from the best of East Cobb: Walkable Convenience Sidewalks lead you directly to Starbucks, Chick-fil-A, Panera, LA Fitness, and Kroger. Prime Location minutes from The Battery & Truist Park, Vinings Jubilee, and the scenic trails of Cochran Shoals and Sope Creek. Unbeatable access to I-75, I-285, and the Express Lanes. Enjoy a sparkling pool, tennis courts, and beautifully maintained grounds. Low Maintenance: The $390/month HOA covers water, sewer, trash, lawn care, and termite protection. Investor Friendly with no rental restrictions, this unit is as much a smart financial move as it is a beautiful place to live.
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.
