Hey there! If you're hunting for a cozy, move-in-ready home in a solid neighborhood with even more growth and convenience on the horizon, you've gotta see this one in the Walden subdivision right here in Stockbridge, GA. This single-story 3-bedroom, 2-bath gem clocks in around 1,851 sq ft and has that warm, inviting feel from the minute you pull up. Those classic arched doorways give it a nice open flow without being stuffy. You walk into a bright foyer with high ceilings, then it opens right up to a spacious living room with a fireplace that's perfect for cozy nights in. Ceiling fans everywhere keep it comfortable, and there's natural light for days. The living room flows straight into the dining area - plenty of space for family meals or bigger gatherings. The kitchen is super functional with white cabinets, good counter space, and a breakfast nook overlooking the backyard. It connects nicely to a big deck - ideal for morning coffee, BBQs, or just chilling while the kids (or pets) run around the yard. The primary suite feels like a real escape with lots of room, a ceiling fan, and its own bath featuring dual sinks, a soaking tub, separate shower, and a generous walk-in closet. The other two bedrooms are solid sizes and share a full hall bath - great for kids, guests, or even turning one into a home office. It's all fresh and neutral with paint and carpet, the laundry room's conveniently near the bedrooms, you've got a 2-car garage, and that covered front porch just makes coming home feel extra welcoming. Walden itself is awesome - quiet streets, sidewalks, community pool, playground, clubhouse, and that friendly neighbor vibe everyone loves. Plus, you're in a prime spot close to schools, shopping, restaurants, and easy access to highways for Atlanta commutes. And heads up: the hot new Bridges at Jodeco mixed-use development is just minutes away, bringing luxury apartments, townhomes, Sprouts Farmers Market, First Watch, more restaurants, retail, and tons of exciting growth to the area - making this location even better for the future!
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.
