Seller paying $10,000 in buyer's closing costs with a full price offer!!! This 4 sided brick ranch home sits on a corner lot. This large privacy wood fenced in back yard, backs up to the community lake with walking trails. The outbuilding and gazebo stays with the home. Brand new HVAC system with a 10 year warranty was recently installed in March 2026. The roof is 10 years old. This 3/1/1 has a 1 car carport with ample parking in the driveway. The cute eat in kitchen has cabinets that were recently painted as well as additional rooms in the house. It has a huge living room that you could even turn 1/2 the space into a dining area if so desired and also has a coat closet. All original hardwoods throughout home. The home has a master bedroom, and 2 spare bedrooms. The full bathroom with a linen closet is easy accessible to all bedrooms and just received new flooring. with one spare bedroom having a 1/2 bath that you could turn into a full bath easily with a stand up shower if you want. All new doors were just installed in the bathroom and all 3 bedrooms. Close to hospitals, all shopping, restaurants, and downtown Rome. Also, it's within minutes to Shorter College, Berry College, North Ga Highlands College, Braves stadium, and would make a great rental investment or first time buyer's home. Nearby you have the community lake right out your back door you can fish in and have walking trails, & is also near the Etowah River, Oostanaula River, and the Coosa River. Weiss Lake access is not to far away either. So many possibilities. Besides the sellers contribution of $10,000 with full price offer, the listing agent is providing the buyer with a free 1 year home warranty on the house with HWA, Robert Murray warranty rep. Value worth $575.00. If you use our preferred lender, Lisa Hill with CrossCountry mortgage, you will receive an additional benefit.
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.
