Welcome home to this beautifully upgraded residence in the highly sought-after Herring Farms. From the moment you step inside, you'll appreciate the fresh interior paint and gorgeous engineered hardwood floors that flow throughout the main living areas, creating a warm and inviting atmosphere. The formal dining room is a true standout, featuring elegant coffered ceilings. The well-appointed kitchen is a chef's dream, complete with upgraded granite countertops, a farmhouse stainless steel sink, tile backsplash, double ovens, built-in microwave, and custom pull-out shelving for maximum convenience. A spacious pantry with upgraded wood shelving ensures plenty of organized storage. The main level offers a highly desirable layout with a huge primary suite, providing a private retreat. The luxurious primary bathroom includes tile floors, a beautifully tiled shower with a built-in bench, a relaxing garden tub, water closet, and an impressive walk-in closet featuring an island with drawers and upgraded wood shelving. Additional main-level highlights include a powder room with tile flooring, a laundry room with tile floors, and a built-in drop station/bench to keep daily life organized. Secondary bedroom that offers comfort and functionality, including an upgraded walk-in closet plus and additional 3rd bedroom on the main level. Upstairs, you'll find a versatile bonus room, an additional bedroom with a full bath, and a fourth bedroom with upgraded wood closet systems complete with drawers-perfect for guests, hobbies, or a home office. Step outside to enjoy your own private backyard oasis, featuring a covered back porch and a dry creek bed. The impressive 26x26 detached two-car garage includes 8-foot doors and an upstairs storage area, offering endless possibilities. This home is packed with valuable upgrades and peace-of-mind features, including a reverse osmosis water system, whole-house filtration system with softener, a new expansion tank on the water heater, and recently serviced HVAC systems with cleaned ductwork (April 2025). The septic system was also pumped in April 2025, adding to the home's exceptional maintenance history. Located in the charming community of Newnan, this home offers the perfect blend of comfort, quality, and convenience-ready for you to move in and enjoy!
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.
