Welcome home! A charming front porch sets the tone for this beautifully designed contemporary home where light, space, and comfort come together effortlessly. Step inside to a stunning two-story foyer open to an expansive great room framed by a wall of windows, exquisite crown molding, and a warm gas fireplace-the kind of space that instantly feels like the heart of the home. The kitchen is made for real living. Crisp white cabinetry. Stainless steel appliances. Granite countertops. Generous storage and a sunny breakfast room that's perfect for morning coffee or casual dinners with friends. Just off the main living space, a separate dining room is ready for intimate dinner parties-or easily transforms into the perfect home office or bonus room. A main-level guest suite with full bath offers comfort and convenience for visitors--or a great bonus room/office as well. Upstairs, the oversized primary suite feels like a private retreat. Trey ceilings add architectural interest while a separate sitting area creates the perfect place to unwind. The spa-like bath features double vanities, a soaking tub, and a frameless glass shower, plus a large walk-in closet designed to keep everything beautifully organized. Two additional bedrooms and a conveniently located laundry room complete the upper level. Outside, the backyard invites you to relax and stay awhile. A spacious patio with pergola overlooks a landscaped, fully fenced yard-ideal for entertaining, gardening, or quiet evenings under the stars. All of this sits on a quiet street in Barrett Knoll, a welcoming community with a neighborhood pool, playground, and sidewalks perfect for evening strolls. And the location? Hard to beat. Just minutes to Kennesaw Mountain hiking trails, Marietta Square, Marietta Country Club, Kennesaw State University, I-75, I-575, Mt. Paran Christian School, and endless shopping and dining. Luxury. Comfort. Convenience. A modern design esthetic--all in one exceptional home.
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.
