Tucked among the trees in Coosawattee River Resort, this home offers the perfect blend of easy one-level living & versatile additional space below, all set on a generous 1.3+/- acre lot with a small stream along the back edge. A welcoming front porch invites you inside to an open-concept main level with vaulted ceilings & a cozy great room anchored by a corner stacked stone fireplace. The well-planned U-shaped kitchen features granite countertops, warm wood cabinetry, pantry & convenient breakfast bar for casual dining. Just off the living space, a full-length screened-in porch creates the ideal setting to relax & take in the sights of deer passing through the backyard. The main-level primary suite offers a private retreat with tray ceiling, French doors to the porch, large walk-in closet & spacious ensuite bath complete with double vanities, soaking tub, separate shower & private water closet. Two additional bedrooms, a full bath & a laundry closet complete the main floor. Downstairs, the finished terrace level brings a completely different vibe, perfect for entertaining or extended living. With eye-catching details like tongue-and-groove walls, rusted metal ceilings & wall accents, custom barn doors & concrete floors, this space is ready for a game room, second living area, or in-law suite. It also includes an add'l bedroom, office space & a full bath, offering flexibility for guests or larger households. The home has been pre-wired for a generator & has a garage with workbench for everyday convenience. Located within Coosawattee River Resort, residents enjoy multiple riverfront parks, indoor & outdoor pools, rec center with fitness, tennis/pickleball courts & abundant wildlife, all just a short drive to downtown Ellijay's shops, restaurants, orchards, wineries & outdoor activities. Whether you're looking for a full-time home, mountain escape, or short-term rental opportunity, this property delivers space, character & the lifestyle that makes North GA so special.
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.
