Welcome to this spacious 5-bedroom, 2.5-bathroom home in a sought-after Stone Mountain location, offering multiple living areas, a finished basement, and an incredible outdoor retreat designed for both entertaining and everyday enjoyment. A charming front porch welcomes you into the two-story foyer, flanked by a formal living room and a separate dining room, perfect for hosting gatherings or creating flexible spaces for a home office or sitting area. The inviting family room with fireplace serves as the heart of the home and flows seamlessly into the kitchen, creating an ideal layout for entertaining. The kitchen is well-appointed with white cabinetry, granite countertops, tiled backsplash, stainless steel appliances including a gas range, and a convenient breakfast bar. Upstairs, the primary suite is a true retreat, featuring its own cozy fireplace, perfect for unwinding at the end of the day. The en-suite bath offers a spa-like experience with a double vanity, jetted soaking tub, tiled shower, and generous closet space. Three additional bedrooms share a full bath, and the laundry room is conveniently located on the upper level. The finished basement adds incredible versatility with a bonus room, an additional bedroom, and a full bath, along with walk-out access to the backyard-ideal for guests, extended living, or recreation space. Step outside to your private backyard oasis, where the in-ground pool truly steals the show. Whether hosting summer gatherings, enjoying quiet afternoons poolside, or creating your own staycation retreat, this space is designed for relaxation and fun. A brand-new deck overlooks the pool and fenced yard, offering the perfect spot for grilling, outdoor dining, or lounging with friends and family. Conveniently located with easy access to I-20 and I-285, this home is close to shopping, dining, and the scenic trails and attractions of Stone Mountain Park. With generous living space, standout outdoor features, and a prime location, this home offers exceptional value and lifestyle appeal.
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.
