Move-in ready townhouse in a highly desirable community with low HOA fees and an unbeatable Cumming location! This home offers the perfect blend of warmth, character, and functionality — definitely not your typical beige box. The main level features beautiful hardwood floors throughout, a welcoming entry foyer, and a spacious great room with a cozy fireplace and custom built-in bookcases on each side. French doors open to the patio, creating a seamless indoor-outdoor living space. The kitchen includes stainless steel appliances and pantry storage. A separate dining room with French doors — currently used as an office — offers flexible space for entertaining or working from home. A convenient powder room completes the main level. Upstairs, the primary suite is a true retreat with French doors leading to a private deck, two walk-in closets, and an ensuite bath with double vanities, soaking tub, and separate shower. The oversized secondary bedroom currently set up as a giant craft room is large enough to function as a second primary suite and is served by a full bathroom. The upper level also features a laundry room and an additional office space/flex area perfect for remote work, study, or hobbies. Additional highlights include: ? 3-year-old roof ? Newer hot water heater ? Two-car attached garage ? Private outdoor spaces on both levels ? Great layout for roommates, guests, or multigenerational living Located just minutes from GA-400, downtown Cumming, the Cumming Aquatic Center, parks, shopping, dining, and medical facilities, this home offers both convenience and lifestyle. Enjoy easy access to Lake Lanier recreation, greenway trails, and top Forsyth County amenities while still tucked into a quiet, established community. If you’re looking for a home with personality, thoughtful spaces, and a fantastic location — this is the one.
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.
