MOTIVATED SELLER!! This rare gem is tucked away on a scenic 1.72-acre homesite. This beautiful 4-bedroom, 3-bath residence offers the perfect blend of privacy, space, and everyday convenience. A peaceful creek winds through the property, creating a serene setting that feels like a retreat from the hustle and bustle. The well-planned layout features a main-level owner's suite, along with an additional bedroom and full bath on the main floor-perfect for guests or multi-generational living. The heart of the home is warm and inviting, highlighted by a spacious family room with a cozy fireplace ideal for gathering with family and friends. The kitchen is both functional and stylish, boasting granite countertops, stainless-steel appliances, and seamless flow into the keeping room, complete with its own fireplace for relaxed, casual living. Just off the kitchen, the bright breakfast area overlooks the private backyard, while the formal dining room provides an elegant space for hosting celebrations and special occasions. Upstairs, two additional bedrooms, a full bath, and a generously sized bonus room offer flexible living space that can easily serve as a playroom, media room, home office, or guest suite. The unfinished basement-already stubbed for a bathroom-presents an excellent opportunity to expand and personalize the home to suit your lifestyle. Step outside and enjoy wide-open green space, mature trees, and the tranquil creek, offering endless opportunities for outdoor enjoyment. Whether you envision entertaining, gardening, or simply unwinding in nature, this backyard delivers. As an added bonus, hop on the side-by-side and be at the nearby park-with a walking track and splash pad for kids or grandkids-in less than five minutes. All of this is conveniently located just minutes from downtown Milner and provides quick access to I-75, making it easy to enjoy peaceful country living without sacrificing modern convenience. If buyer chooses to use preferred lender, lender will contribute a $2,000 lender credit.
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.
