Welcome to 111 Portico Place, Newnan, GA! This stunning, end-unit townhome lives like a single-family home, offering exceptional space, comfort, and style throughout. Step onto your private front porch and into a grand fireside living room with soaring ceilings and a cozy wood-burning fireplace with a gas starter — the perfect spot to gather and unwind. The chef’s kitchen is the true heart of the home, seamlessly open to the dining area for effortless entertaining and everyday connection. Step out onto the back deck to enjoy peaceful views of the lake and walking trail, beautifully blending indoor and outdoor living. The main level primary suite features a custom closet and a private ensuite bath, offering the perfect retreat. A laundry room and powder room add convenience to this floor. Upstairs, a spacious loft overlooks the main living area — ideal for a home office, gaming zone, or cozy family lounge. Two large bedrooms with custom closets share a stylish Jack-and-Jill bath. The finished terrace level provides a complete second living space with its own living room, kitchen, laundry area, full bath, and bedroom — perfect for multigenerational living, long-term guests, or even an income opportunity. Enjoy resort-style living with access to three master community amenity sites: Town Hall Amenity: Clubhouse, Olympic-sized pool, gazebo, and playground Main Amenity: Six tennis courts and six pickleball courts Tapestry Amenity: Zero-entry pool, playground, and multiuse field East Lake Amenity: Inclusive playground, pavilion, lake dock, and kayak launch East Lake Pool: Junior Olympic pool, lazy river, and mushroom water feature 97-acre lake for kayaking and fishing Golf enthusiasts will appreciate the nearby course, with memberships available separately. Experience the best of both worlds — the low-maintenance ease of townhome living with the space and privacy of a single-family home, all set in a scenic, walkable neighborhood with world-class amenities.
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.
