Charming, Updated Ranch on a Private 1-Acre Lot! Welcome home to this adorable, beautifully updated 3-bedroom, 2-bath ranch offering 1,586 square feet of comfortable living in a truly fantastic location. Tucked away on a private, spacious 1-acre lot set back from the road, this property offers the perfect blend of peace, privacy, and everyday convenience. Step inside to fresh interior paint and a warm, inviting layout featuring a cozy wood-burning fireplace-perfect for relaxing evenings. The kitchen is both stylish and functional, showcasing quartz countertops, stainless appliances, and a charming barn-style sliding door that opens to a walk-in pantry. The spacious primary suite is a true retreat, highlighted by a bold accent wall that adds character and style. The en-suite bath has been thoughtfully updated with brand-new vanities and a large tile shower, creating a fresh, modern feel. The two additional bedrooms are generously sized and feature spacious closets, offering comfort and flexibility for family, guests, or a home office. Major updates-including a 1-year-old water heater, a 5-year-old roof, and fresh paint inside and out-provide added peace of mind for years to come. This home is on county water, with the added benefit of a private well-perfect for watering the lawn, washing cars, or additional outdoor use if preferred. Enjoy the outdoors with a large, private backyard perfect for BBQs, entertaining, or creating the ultimate play space. A 7x7 outbuilding offers additional storage or room for hobbies, while the expansive front yard enhances both curb appeal and privacy. The home also features a spacious 2-car garage. For added convenience and peace of mind, the property is equipped with a security system, cameras, and a Ring doorbell. Ideally located just 15 minutes from the interstate and conveniently situated between Newnan, Peachtree City, and Senoia, you'll have easy access to shopping, dining, healthcare, and everyday essentials. This move-in ready home offers charm, updates, and an unbeatable location-perfect for families or anyone seeking a well-maintained home with space to enjoy inside and out. PLUS....OH WOW...this home comes with a riding John Deer lawn mower!!! DON'T MISS YOUR CHANCE....THIS ONE WILL NOT LAST!!!
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.
