Two homes in one! Welcome home to 160 Westwood Drive, quietly situated on a peaceful street just off Whitehead Rd. This charming ranch offers a rare and highly flexible layout that is ideal for multi-generational living, or house hacking and creating an income-producing setup while occupying one level yourself. The main level features rich hardwood floors throughout most of the home, a spacious living room centered around a beautiful stone gas fireplace, and a bright dining area with large windows and direct access to a generous deck, perfect for outdoor dining or relaxing evenings. The kitchen provides ample counter space, wood cabinetry, and convenient access to a large laundry room with additional storage. Two well-sized bedrooms and a full hall bathroom with an accessible zero barrier entry shower complete the main level. The front bedroom has direct access to the hall bath and can function as a shared master bathroom. An interior staircase leads to the day-lit lower level, which functions as a second full living space. This level includes a comfortable living or family room, a full eat-in kitchen, two additional bedrooms, a full bathroom, and its own laundry area. The lower level bedroom at the left of the home offers direct access to the bathroom and can function as a shared master bathroom. With a separate exterior entrance to a patio and additional parking, the lower level is well-suited for guests, or rental use. Outside, you will enjoy a large backyard that offers room for pets, play, or gardening, along with a storage shed for tools and equipment. Conveniently located near Loop 10, shopping including the new Publix center, downtown Athens, and the University of Georgia, this property offers both privacy and excellent access to everything Athens has to offer. Whether you are seeking a primary residence with flexible living arrangements or a smart way to offset your housing costs, 160 Westwood Dr offers options that are increasingly hard to find.
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.
