Come and see your dream home in the sought-after Hanover Pointe Community! This beautiful east-facing home boasts a bright and perfect blend of modern comfort When you step inside you will be greeted by a spacious, open-concept living area, featuring gleaming hardwood floors and a light-filled kitchen with stainless steel appliances, granite countertops, and stylish fixtures. The inviting family room, complete with a cozy fireplace flows seamlessly from the dining area. Upstairs you'll find three generously sized bedrooms including a luxurious owner’s suite with a walk-in closet and en-suite bathroom. The versatile upstairs loft offers endless possibilities as a media room, office, or playroom. Home features new hardwood and tiled floors, and has been freshly painted inside. Enjoy the outdoors on your private walk-out patio and take advantage of the community’s top-tier amenities, including two large swimming pools with splash zones, four ALTA-level tennis courts, two playgrounds, and a fully furnished clubhouse. This home is zoned for a top-rated Forsyth County’s school district with all new schools built within the past 10 years, including the award-winning Denmark High School. Hanover Point has amazing amenities including a community center where you can throw a party! All this and yet only a short drive from everywhere you want to be--5 min drive to Halcyon/a brand-new Trader Joe’s, the Big Creek Greenway, and GA-400 and less than 10 minutes from downtown Alpharetta, Avalon and Vickery Village a quick hop to the greenway, walking and biking paths, easy highway access. It’s the perfect mix of convenience and savings!. Enjoy all the benefits of an Alpharetta address with the added value of lower Forsyth County taxes. Schedule your tour today to experience everything this fantastic home and community have to offer. This home truly has it all.
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.
