GORGEOUS 4-BEDROOM HOME IN PREMIER BURFORD NEIGHBORHOOD! Discover luxury living in one of Buford's most desirable neighborhoods. This exceptional 4-bedroom, 3-full bathroom home offers the perfect blend of elegance and comfort, conveniently located just off I-85 for easy commuting. Prime Location & Lifestyle! Located in the heart of Buford's affluent community, you'll enjoy convenient access to the Mall of Georgia and premium shopping centers, diverse dining and entertainment options, beautiful parks and championship golf courses, with Lake Lanier just minutes away! Top-rated Buford school district! This charming home has plenty of natural lighting as it faces East and welcomes you with elegant, crown-molding interior features. Its grand first floor welcomes you with an open foyer and soaring vaulted ceilings and luxurious hardwood flooring throughout the entire main level. Private guest suite with carpet and full bathroom is located on the first floor making it great for in-laws and guests! Spacious family room features a cozy fireplace. Formal dining room with chandelier perfect for entertaining. Impressive gourmet kitchen with double ovens and gas range for the home chef! Premium stainless steel appliances and abundant storage with beautiful white cabinetry. You will find an oversized island with elegant granite countertops. This kitchen has an open layout concept that is ideal for both cooking and socializing. In the upper level retreat, there are 2 additional carpeted bedrooms with walk-in closets and full bathroom. Expansive primary suite with vaulted ceilings that feature granite double bathroom vanity, beautiful tile flooring, glass walk-in shower, and relaxing jacuzzi tub for a spa-like experience! Generous walk-in closet in primary suite. You will also find an oversized bonus room with additional closet space, perfect for home office, gym, or media room! This home sits on a beautifully landscaped lot in a peaceful neighborhood. Large trees perfect for natural privacy surround the backyard with ample space for gardening and outdoor activities. It's truly a serene environment perfect for relaxation. This rare gem combines modern luxury with comfortable family living in one of Georgia's most sought-after locations. With its thoughtful layout, premium finishes, and prime location, this home offers an exceptional opportunity for picky buyers! Schedule your private showing today and make this home yours!
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.
