RARE OPPORTUNITY: ASSUME AN FHA MORTGAGE AT JUST 4.875% INTEREST RATE! Take advantage of a rare opportunity to assume an existing FHA loan with a below-market interest rate and potentially save hundreds of dollars per month compared to today's financing options. Welcome home to this spacious and beautifully updated 5-bedroom, 3-bath home located on a desirable fenced corner lot in Byron, GA! Offering nearly 3,500 square feet of living space, this home combines comfort, functionality, and impressive architectural features throughout. From the moment you arrive, you will appreciate the side-load two-car garage, expansive front and fenced backyard spaces, and beautiful curb appeal. Step inside to soaring high ceilings and a stunning double-height living room with natural light from stacked multi-panel 10-foot windows that create a bright and airy atmosphere. The open-concept layout features hardwood flooring in the family room, fresh interior paint, stylish barn doors, and elegant French doors leading out to the backyard, making this home ideal for both entertaining and everyday living. On the main level, there are two versatile flex spaces on both sides of the entryway that can be used as a formal separate dining room or entertainment space and a formal living room or office. The thoughtfully designed floor plan also includes a bedroom and full bathroom on the main level, perfect for guests or multi-generational living. Recent major upgrades include a new roof and updated HVAC systems, giving buyers peace of mind for years to come. Conveniently located near Robins Air Force Base, local parks, shopping, dining, and retail, this move-in ready home offers the perfect balance of space, style, and accessibility. Whether you are seeking room to grow, space to entertain, or the financial advantage of an assumable 4.875% FHA mortgage, this exceptional home delivers it all. Do not miss the opportunity to own this outstanding home in the desirable Meadows Walk community!
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.
