Watch the Live-Action HD Walk-through Video Tour! Meticulously maintained 4 bed (master on main), 2.5 bath (w/an unfinished basement stubbed for a 3rd full bath & more than enough room for more bedrooms - absolutely perfect for a teen/in-law suite) home in a small (<20 homes), quiet, friendly, peaceful neighborhood w/No HOA in Jefferson! | Hard-to-find perfectly flat, partially wooded backyard w/expanded deck & fence perfect for kids & pets! | Open floor plan perfect for gatherings or relaxing - cozy fireside 2-story family room, breakfast area, separate formal dining room (with vaulted ceiling, beadboard and chair rail), powder room for guests, and huge rear deck perfect for grilling & entertaining. | Spacious master on main features new carpet, ceiling fan, master bath with double vanities, separate jetted tub, separate slate shower, slate flooring, private water closet, and walk-in closet. | Kitchen boasts granite countertops, stainless steel appliances, abundant stained cabinets, tile backsplash, breakfast bar, separate breakfast area, double sink (with view to family room), pantry, and access to both the rear deck and formal dining room. | Upper level features 3 truly uncommonly large secondary bedrooms (each with their own ceiling fan and walk-in closet), 1 full bathroom, view of the family room and foyer from the catwalk, 3 supplemental attic storage areas, and a brand new HVAC system. | Daylight unfinished lower level ideally suited for a teen/in-law suite - provides a separate entrance, private concrete patio & concrete sidewalk that leads from the patio to an extra parking pad added to the driveway. | Too many features to mention - 2-story entrance foyer, hardwood flooring throughout all living areas on the main (fireside family room, breakfast area, kitchen, separate formal dining room, and powder room), separate laundry room on the main w/storage closet, catwalk, plantation shutters throughout, oversized 2-car side entry garage with 10’+ ceilings, newer roof only 7 years old, home warranty included, and more! Multiple outdoor entertaining areas – patio, newly stained rear deck, and large fenced partially-wooded backyard perfect for entertaining, family gatherings, morning coffee, or quiet evenings. | Incredible location virtually adjacent to upscale neighborhoods [Sterling Lake, The Manors (formerly Jefferson Equestrian)] and only minutes from business 129 & the Jefferson/129 bypass, providing easy access for a quick ride to Athens or I-85.
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.
