THE COVINGTON COMPOUND | Modern Luxury & Ultimate Entertaining Hub Rare Opportunity <1 Mile to Historic Marietta Square! Forget the “standard” flip—155 Covington Ave is a total transformation designed for the sophisticated buyer who demands both turn-key luxury and an unmatched outdoor lifestyle. Situated on a lush, level lot, this 3-bedroom, 2-bathroom modern ranch is a private retreat that balances designer aesthetics with rugged utility. An Entertainer’s Paradise The outdoor space is the true crown jewel of this property, offering features rarely found at this price point: The Pavilion: A massive outdoor entertaining porch. Fully covered and electrified, it’s primed for your outdoor theater, lounge furniture, and year-round hosting. The Deck & Lot: A sprawling back deck overlooks a perfectly level, fenced backyard—ideal for summer BBQs, gardening, or a private play area. The Entrance: A freshly poured, oversized concrete driveway provides rare, ample guest parking, leading to custom-stained entrance steps and a charming front screened porch perfect for your morning coffee. The Maker’s Space: Electrified Professional Workshop. Hard to find in the city, the oversized, fully electrified shed with abundant shelving. Whether you need a professional-grade workshop, a high-end “She-Shed,” or a creative studio/home office, this space is ready for your vision. Interior: Design-Led Sophistication Step inside to a light-filled, open-concept floor plan where every detail has been curated: Chef’s Kitchen: Anchored by a massive social island and wrapped in premium granite countertops with a stunning herringbone tile backsplash and newer cabinetry. Living Space: Features high-end LVP flooring, recessed lighting, designer fixtures, and a custom floor-to-ceiling geometric accent wall that exudes “Boutique Hotel” vibes. Luxury Baths: Fully renovated with custom tile work and modern vanities. Built for the Future (Total Peace of Mind). This isn't just a cosmetic update; the “bones” have been rebuilt for longevity: Brand New Roof and fresh exterior/interior paint. Newer Electrical. Newer Plumbing, including a newer water heater and updated fixtures. Newer Flooring: High-durability LVP and plush new carpet in bedrooms. Location: The Best of Marietta The Square: Less than a mile to beautiful Historic Marietta Square (festivals, dining, and shops). Only ~1 mile to the KSU-Marietta campus. Commute: Easy access to the I-75 Express Lane exit on Roswell Rd. At the attractive price, this is more than a home—it’s an investment in a lifestyle. Schedule your private showing today!
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.
