Move-in ready and beautifully appointed, this award-winning Buffington Plan offers an exceptional blend of elegance, space, and comfort just minutes from downtown Dawsonville. A striking stone-accented facade sets the tone as you enter a light-filled interior with soaring 9-10 foot ceilings and hardwood floors welcoming you in the foyer. Designed for both refined entertaining and everyday living, the home features formal living and dining rooms that flow seamlessly into a spectacular open kitchen complete with an oversized island, breakfast area, custom 42-inch cabinetry, and a built-in desk. The adjoining great room is warm and inviting, centered around a gas log fireplace and perfect for gathering with family and friends. The owner's suite is a true sanctuary, generously sized and thoughtfully designed with a private spa-like bath featuring a separate garden tub, walk-in shower, double vanity, and an expansive walk-in closet. Three additional spacious bedrooms, a full bath, and a conveniently located upstairs laundry room complete the upper level, while a full bath on the main floor adds flexibility for guests. A functional mudroom entry from the garage enhances daily convenience, and the home's layout offers effortless flow throughout. Step outside from the kitchen to a completely private, fenced backyard where dual patios create an ideal setting for outdoor entertaining or quiet relaxation. Impeccably maintained and truly move-in ready, this beautiful traditional home combines timeless style with modern comfort making it a rare opportunity to enjoy luxury living in a highly desirable location. Also, enjoy the community pool in the summertime.
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.
