***Amazing Price for Westlake School District!*** Welcome to this exquisite home on a cul-de-sac lot located in a beautiful community with resort-style amenities. This isn't just a home; it's a lifestyle upgrade! As you enter the foyer leading to a spacious, open concept layout, enjoy the charm of this well-maintained home. Entertain in the expansive formal dining and living rooms or enjoy the gourmet chef's kitchen, featuring an oversized breakfast bar, eat-in breakfast area, granite countertops, white cabinets, and stainless steel appliances. The oversized family room includes a cozy fireplace and a wall of windows with plenty of natural light. The main level also features a guest bedroom while the master suite offers a private sitting room with a cozy fireplace, walk-in closet, and a luxurious en-suite bath with a soaking tub and separate shower. The full unfinished daylight basement is already studded for a bathroom - ready for your personalized design touches. Host your family and friends on the kitchen deck or enlarged back patio that offers endless possibilities for relaxation and entertainment. Enjoy the seamless blend of luxury and convenience, with premier shopping, dining, and effortless highway access just moments away. Perfectly situated in the Camp Creek market area, only minutes from Hartsfield-Jackson International Airport and just 17 miles from the vibrant heart of Downtown Atlanta, this is more than a home - it's an experience of unparalleled elegance and luxury. Call today to schedule your showing! You won't regret it!
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.
