Charming Updated 4-Bed/3-Bath Ranch with Finished Walkout Basement on Nearly Half-Acre Lot – Move-In Ready! Welcome home to this beautifully refreshed single-family ranch in the desirable Cotton Creek area of Lawrenceville, perfectly positioned for convenience and comfort. Freshly updated with a brand-new roof, new HVAC system, and brand-new carpet and flooring throughout—this 1979-built gem feels modern and worry-free. Spanning 2,266 sq ft of living space (plus additional finished lower level), the home offers 4 spacious bedrooms and 3 full baths. The main level features an open, bright layout with 3 bedrooms (including the primary suite), 2 baths, a cozy fireplace, and easy flow for everyday living. Downstairs, the finished walkout basement is a standout bonus: a versatile recreation room, dedicated exercise area, fourth bedroom, and full bath—ideal for guests, home office, gym, or media space. Step out to the privately fenced backyard on a generous 0.43-acre (18,731 sq ft) lot with beautiful level front yard—plenty of room for play, gardening, or relaxing in privacy. Recent cosmetic refreshes (including fresh paint) make this home shine inside and out. 2-car attached garage, central air/gas heat, hardwood/laminate accents, and no HOA add to the appeal. Location is unbeatable: Walking distance to The Shoppes at Webb Gin for fantastic dining (The Diner at Webb Gin, Ted's Montana Grill, and more), shopping, and everyday errands. Nearby grocery stores, parks, and just 5 minutes to Pharr Elementary—with feeder schools to McConnell Middle and Grayson High in the top-rated Gwinnett County system. Quick access to major roads for commuting to Snellville, Grayson, or Atlanta. Priced to sell in today's market—don't miss this turnkey opportunity with significant recent investments and timeless ranch charm. 4 Beds | 3 Full Baths 2,266 sq ft (plus finished basement) 0.43-Acre Lot | Built 1979 (extensively updated) New Roof, New HVAC, New Carpet/Flooring Finished Walkout Basement with Rec Room, Exercise Area, Bed & Bath Private Fenced Yard | 2-Car Garage | No HOA Act now—homes like this don't last long! Schedule your private showing today and envision your future in this updated, move-in-ready gem. Contact us to tour before it's gone!
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.
