Charming Traditional Home nestled on a Large, Wooded, Private Lot in the peaceful community of Stockbridge, offering space, flexibility, and a serene setting just minutes from everyday conveniences. Fresh Interior Paint Throughout and a 2024 HVAC System add peace of mind and move-in readiness. Enjoy Easy Access to I-75 along with nearby Dining, Shopping, Golf Courses, Parks, and Outdoor Recreation, including Swan Lake and local nature trails. A Spacious Front Yard welcomes you home, while the Covered Front Porch provides the perfect spot for morning coffee or unwinding in the evenings surrounded by mature trees. Step inside to a Fireside Family Room that flows seamlessly into the Formal Dining Area, creating a comfortable layout for everyday living and entertaining. The Kitchen features White Cabinets, Stainless Steel Appliances, a Pantry, and a bright Breakfast Nook framed by windows ideal for casual meals and enjoying views of the wooded surroundings. A Laundry Room and Half Bathroom are conveniently located on the main level. The Primary Bedroom on Main offers privacy and comfort with a Walk-In Closet and an En Suite Bathroom featuring a Dual Vanity and Tub/Shower Combination. Just off the living space, a light-filled Sunroom adds valuable flexibility and is perfect for a Home Office, Playroom, or Creative Space. Upstairs, you'll find Two Additional Bedrooms, including one with a Walk-In Closet, and a Shared Hall Bathroom, providing comfortable accommodations for guests or family. The Private Backyard truly sets this home apart, featuring a Fully Fenced Yard and a Large, Private Lot that Extends Beyond the Fence, all surrounded by peaceful woods that enhance the sense of privacy and tranquility. Two Detached Sheds offer endless possibilities Workshop, Home Office, Studio, Storage, or She-Shed One Unit Equipped with Power and Air Conditioning, ideal for year-round use. Located in Stockbridge, this home delivers the best of Quiet Suburban Living with convenient access to Shopping, Dining, Schools, and Major Highways, making it easy to balance relaxation with everyday life.
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.
