?? Price Improvement Alert! ??The seller just made this home even more attainable! With rising interest rates, they’re stepping up in a big way — offering incentives designed to help you secure this beautiful property and make it your home. Opportunities like this don’t come around often, and this one is ready for the taking. Welcome Home! Step into this beautifully maintained ranch home on a full finished basement, perfectly situated on a spacious lot and ready for its new owners. This home offers incredible flexibility for multi-generational living, providing ample square footage and thoughtful design throughout. The main level features 3 bedrooms and 2 full bathrooms, along with a bright dining room showcasing a large picture window, a cozy living room with a fireplace, and an eat-in kitchen with views of your deck and private backyard. Gorgeous hardwood floors flow throughout the main floor, adding warmth and character. Downstairs, the finished basement offers a 4th bedroom and full bathroom, along with plenty of additional living space - perfect for a second family room, game room, movie room, or guest suite. The possibilities are endless! Enjoy the outdoors from your oversized entertainment deck or unwind in the sunroom, the ideal spot to savor your morning coffee or an evening glass of wine while taking in serene views of nature. This home has been thoughtfully cared for, with a brand-new roof recently installed. You'll also appreciate the two-car garage on the main level and a single-car garage in the back, both with paved access and plenty of extra driveway space for family and friends. Conveniently located near Interstate 75, you'll have an easy commute to the airport and downtown Atlanta, plus a fantastic selection of restaurants and shopping just minutes away. Best of all, this no-HOA community allows you the freedom to enjoy your property without restrictions. This move-in-ready home truly has it all - space, comfort, and location. All that's left to do is pack your furniture and make it yours!
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.
