Beautifully upgraded home featuring Kingston Oak 7.5" wood flooring throughout the main living areas. The gourmet kitchen is a showstopper with an oversized kitchen island, stunning Delicatus granite countertops and custom cabinetry in a toasted antique finish. The custom cabinetry has dovetail construction and soft-close drawers and doors. High-end GE slate gray appliances complete this elegant and functional kitchen. Exceptional structural upgrades include an extended 23.5-ft deep garage designed to accommodate a full-size extended cab pickup truck, plus a separate golf cart garage. The living area is extended 8 feet to incorporate a bright sunroom, creating additional space for relaxing or entertaining. The finished bonus room with closet and full bath offers flexible space for guests, hobbies, or a private retreat. Energy efficiency is enhanced with spray foam insulation in the attic. Step outside to a covered 8-ft patio spanning the entire width of the home, paved for outdoor enjoyment or a hot tub. Additional post-build upgrades include custom plantation shutters, a 20' Sun Setter motorized awning with remote control, and professionally installed mature landscaping with multiple flowering shrubs and trees. Enjoy cozy evenings by the Heatilator EL36 fireplace with Real Fyre premium gas logs, which can also be converted to woodburning. All of this in Cresswind, Peachtree City's 55+ Adult community. Cresswind offers numerous amenities ranging from indoor/outdoor pools to pickleball courts, tennis courts, hiking trails, workout gym, clubhouse, exercise classes and more. The community connects to the golf cart paths located throughout Peachtree City.
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.
