Enjoy peaceful one-level living on more than 3 acres of beautiful land near Lake Allatoona, complete with a creek, abundant wildlife, and exceptional privacy. Inside, the home features a spacious and comfortable open living and dining area with a charming fireplace and large windows that showcase the natural surroundings. The kitchen offers newer appliances, including a refrigerator and dishwasher, plus counter seating and easy flow to both the dining area and the breakfast nook. Three large windows bring in abundant natural light and provide stunning forest views. Next to the breakfast nook is additional storage and pantry space, with convenient access to the full-size laundry and mudroom. From here, step directly onto the expansive back deck, perfectly positioned for outdoor enjoyment. The primary bedroom is generously sized and includes an ensuite bathroom with double vanities and two closets, offering excellent storage and functionality. Two additional bedrooms sit off the hallway near the kitchen, with a full bathroom located between them. Outside, the large wood deck overlooks the peaceful acreage and sets the stage for relaxation or gatherings. With more than 3 acres, there is room for gardening, outdoor games, exploring the wooded areas, target practice, or simply enjoying quiet mornings and evenings surrounded by nature. The property features a beautiful creek, multiple berry bushes, and regular friendly wildlife sightings. A two-car carport provides covered parking with additional space in the driveway. A garden shed sits off the carport, and a new outbuilding built on a 4-inch concrete slab expands the possibilities, ideal for a gym, storage, hobbies, a workshop, or future customization. The metal roof with gutter guards adds to its low-maintenance appeal. This quiet neighborhood offers significant space between homes and a serene, natural setting while remaining close to modern conveniences, including a nearby fire station and quick access to Lake Allatoona. From GA-20, onto Ficklen Church Way, then a quick right, and you’ll be right home. A comfortable home on stunning land, ready for your next chapter.
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.
