? COMING SOON IN HOSCHTON ?A rare opportunity to own an exceptional luxury home in the prestigious gated community of Stonewater Creek, located in the highly sought-after Mill Creek school cluster. This stunning 5-bedroom, 4.5-bath residence sits beautifully on a manicured corner lot and offers the perfect blend of elegance, comfort, and lifestyle. From the moment you arrive, the curb appeal is undeniable from the stately 4-sided brick and stone exterior to the beautifully landscaped grounds and grand double-door entry. Inside, you’re welcomed by a breathtaking two-story foyer, soaring ceilings, abundant natural light, and timeless architectural details throughout. Designed for both everyday living and elevated entertaining, this home offers expansive gathering spaces, a spacious chef’s kitchen, elegant formal and casual living areas, and a luxurious owner’s suite on the main level. Upstairs, generously sized secondary bedrooms and flexible living spaces provide room for everyone. The full unfinished daylight basement offers endless possibilities to create a custom theater, gym, in-law suite, or entertainment space you’ve been dreaming of. Step outside to your private backyard retreat featuring a beautifully maintained lawn, pergola-covered patio, outdoor fireplace, and grilling area perfect for relaxing or entertaining year-round. Residents of Stonewater Creek enjoy premier amenities including gated access, swim, tennis, and clubhouse living. Ideally located just minutes from Chateau Elan, shopping, dining, parks, and I-85, this home offers luxury living in one of Hoschton’s most desirable communities. Homes like this in Stonewater Creek and especially in the sought-after Mill Creek district rarely come available. Professional photography and more details coming soon.
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.
