Welcome to the home that gives your family room to grow. Offering over 5,000 square feet of flexible living space, this 6-bedroom, 5-bath home combines a functional floor plan, major system updates, and an outstanding location in the highly sought-after Great Sky neighborhood. Whether you’re searching for room to grow, space for multigenerational living, or a home designed for entertaining, this property offers exceptional versatility for every stage of life. The welcoming two-story foyer opens to an impressive family room featuring soaring ceilings, abundant natural light, and a stunning floor-to-ceiling stone fireplace. The open-concept layout flows seamlessly into the expansive kitchen, complete with a large center island, extensive cabinetry, a walk-in pantry, generous dining space, and direct access to the back deck for effortless indoor-outdoor living and entertaining. A bedroom and full bath on the main level provide the flexibility today’s buyers are searching for, creating the perfect guest suite, home office, or private space for extended family. Upstairs, the spacious primary suite offers a relaxing retreat with dual walk-in closets and a well-appointed ensuite bath, while the additional bedrooms provide room for family, guests, hobbies, or study space. The finished terrace level expands the home’s versatility with endless possibilities for a media room, recreation room, playroom, home gym, teen retreat, or in-law suite. Major improvements completed over the past several years include a new roof (2020), both HVAC systems replaced (2018 & 2019), updated kitchen appliances, new flooring, refreshed kitchen cabinetry, interior painting, and a fenced backyard, providing added value and peace of mind for the next owner. Beyond the home, Great Sky offers one of Cherokee County’s premier lifestyles with resort-style amenities including multiple swimming pools, tennis and pickleball courts, playgrounds, walking trails, a beautiful clubhouse, and convenient access to Hickory Log Creek Reservoir for hiking, kayaking, fishing, and enjoying the outdoors. Families will appreciate being just minutes from the brand-new Cherokee High School, as well as the charm of downtown Canton with its locally owned restaurants, boutique shopping, breweries, coffee shops, farmers markets, seasonal festivals, and community events. Convenient access to I-575 makes commuting to Woodstock, Alpharetta, and Atlanta easy while allowing you to come home to one of Canton’s most desirable neighborhoods. If you’re looking for over 5,000 square feet, a bedroom and full bath on the main level, a finished terrace level, flexible living spaces, thoughtful updates, and an exceptional neighborhood to call home, 200 White Cloud Run offers an outstanding opportunity to enjoy the very best of Cherokee County living.
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.
