Built in 2021, this beautifully designed Cape Cod-inspired home offers the perfect blend of timeless charm, modern finishes, and exceptional outdoor living just minutes from Smyrna Market Village. Thoughtfully designed with an open-concept floor plan, the home is filled with natural light and creates an effortless flow between the living room, dining area, and kitchen, making it ideal for both everyday living and entertaining. The well-appointed kitchen features quality finishes, abundant cabinetry, and easy access to the backyard, creating a seamless indoor-outdoor living experience. The spacious primary suite is conveniently located on the main level and includes a walk-in closet, a beautifully appointed en-suite bath, and private access to the backyard through sliding glass doors, offering a peaceful retreat at the end of the day. Upstairs, a spacious bonus room offers exceptional flexibility and can easily serve as a home office, media room, playroom, fitness space, or potential guest room to accommodate your changing needs. Additional bedrooms provide flexibility for family, guests, or a dedicated home office, allowing the home to adapt to your lifestyle. Built with comfort and efficiency in mind, the home is equipped with a Rheem high-efficiency tankless water heater and HVAC system for year-round performance. Step outside to one of the property's standout features. The private backyard is designed for entertaining, complete with a large covered outdoor entertainment area with oversized storage in the back, fire pit, and generous green space. Whether you're hosting friends, enjoying a quiet evening outdoors, or spending time with family, this backyard was built to be enjoyed. Ideally located within walking distance of Smyrna Market Village, Rev Coffee, and Ruby Pizza, this home also offers quick access to The Battery Atlanta, Truist Park, and convenient access to I-285 and I-75. This home offers the perfect combination of modern living and one of Smyrna's most desirable locations. Move-in ready and meticulously maintained, 1817 Teasley Drive is an opportunity you won't want to miss.
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.
