End of Year Price Reduction! Instant equity! Close before the Holidays! 125K worth of Upgrades. Move in Ready. This beautifully renovated 2-story home offers 4 spacious bedrooms, 3.5 baths, and a full finished basement, which could offer up to 2 more bedrooms, combining timeless design, modern updates, and comfortable living-all. Discover the natural flow of this well-designed home. The main level showcases a versatile living/flex room and a formal dining room, conveniently adjacent to the newly remodeled eat-in kitchen. Designed for the home chef, the kitchen features KitchenAid stainless steel appliances, quartz countertops, and 42-inch cabinetry with smart built-in organization. Bay windows overlook the double deck and garden area, creating a bright and welcoming atmosphere. Spacious family room offers a cozy fireplace flanked by built-in bookcases and opens to a stunning all-season sunroom with vaulted ceilings and abundance of light-perfect for entertaining or relaxing. Throughout the home, enjoy 9-foot ceilings, crown molding, and a blend of hardwood, tile, and slate flooring. Fresh paint throughout ensures this home is move-in ready. Oversized owner's suite is a private retreat featuring tray ceilings, a luxurious ensuite bath with dual vanities, a soaking tub, glass-enclosed tile shower, and both a walk-in and secondary closet. A private office adjoins the suite and offers attic access, ideal for work-from-home flexibility or additional storage. Generously sized secondary bedrooms and a large fourth bedroom/bonus room with rear staircase access, perfect for a private s guest suite. The fully finished basement expands the living space and includes options for additional bedrooms, a home gym, game room, or media room, along with an exterior entry, covered porch, and additional garage/workshop. Recent upgrades include 33 maintenance-free windows and a new kitchen door. Residents of Royal Ridge enjoy community amenities including a pool, clubhouse, and playground, all located within the highly sought-after Whitewater school district and just 35 minutes from Hartsfield-Jackson Atlanta International Airport. Impeccably maintained and thoughtfully designed, this home offers the perfect blend of elegance, comfort, and functionality. Don't miss this exceptional opportunity!
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.
