Welcome home to this beautifully updated 4-bedroom, 2-bath ranch in the highly sought-after Mill Creek High School District of Gwinnett County. Situated on a professionally landscaped corner lot, this move-in ready home offers the perfect combination of comfort, style, and convenience with easy access to shopping, dining, and I-85. Step inside the welcoming foyer and immediately appreciate the hardwood flooring that flows throughout the main living areas. Straight ahead, the inviting family room features a vaulted ceiling and cozy fireplace, creating the perfect gathering space for relaxing evenings or entertaining guests. To the left of the foyer, the formal dining room overlooks the front yard and provides an ideal setting for holiday dinners, celebrations, and special occasions. The updated kitchen is designed with both functionality and style in mind, featuring granite countertops, stainless steel appliances, custom built-ins for cutting boards and recipe books, abundant cabinetry, and generous counter space for meal preparation and entertaining. The adjoining breakfast area offers views of the backyard and creates a bright, welcoming space to start your day. The desirable split-bedroom floor plan offers privacy and functionality. The oversized primary suite serves as a relaxing retreat, featuring a custom accent wall and ample space for a sitting area, reading nook, or private workspace. The primary bathroom includes granite countertops, dual vanities, a separate soaking tub, walk-in shower, and a spacious walk-in closet. The secondary bedrooms and full guest bathroom are located on the opposite side of the home, providing separation and comfort for family members or guests. Upstairs, the bonus room serves as an excellent fourth bedroom, home office, media room, playroom, or flex space to fit your needs. One of the homes standout features is the large covered patio located just off the family room. Whether youre enjoying a morning cup of coffee, hosting weekend cookouts, or unwinding with a glass of wine at the end of the day, this outdoor living space is sure to become a favorite retreat. The beautifully landscaped corner lot enhances the homes curb appeal while providing an attractive outdoor setting year-round. With its desirable ranch layout, updated finishes, flexible floor plan, attractive corner lot, and exceptional Gwinnett County location, this home offers an opportunity you wont 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.
