Welcome to your dream home nestled in the charming countryside of Villa Rica! This stunning five-bedroom, four-bathroom residence sits on a generous lot that offers the kind of space most homeowners only fantasize about. Kick off your shoes on the large front porch and let the good vibes roll before you even step inside. The living room welcomes you with a cozy gas log fireplace, perfect for those crisp Georgia evenings when you'd rather snuggle than shiver. The spacious eat-in kitchen is ready for your culinary adventures, complete with a kitchen island, plenty of cabinetry, and a handy pantry to keep everything organized. Here's where it gets really fun - the main level features not one but two primary bedrooms, each with private ensuites. One primary retreat spoils you with a double vanity, separate tub and shower, and a walk-in closet that'll make mornings a breeze. A third bedroom and full bath round out the main floor. Head upstairs to discover two more bedrooms, another full bath, and a second living space - because who doesn't love bonus hangout room? The partial basement is brimming with potential, boasting nine-foot poured walls, foam insulation, plumbing stubbed for a bath, and a second laundry area. Toss in a tankless water heater and generator connection, and you're living smart! Out back, a charming deck with a porch swing awaits your lazy afternoons. Plus, a jaw-dropping forty-by-forty shop with its own power meter is every hobbyist's happy place! Schedule your private tour today before this gem finds its forever home owner!
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.
