Imagine owning a private estate just minutes from Augusta National, perfectly positioned to enjoy Augusta's Annual Golf Tournament and the vibrant energy it brings to the city each spring. This stunning 2007 custom-built home sits on 3.2 acres with no HOA, offering the rare combination of resort-style living and exceptional income potential. Homes in similar condition routinely rent for over $20,000 per week during Augusta's Annual Golf Tournament week, making this an outstanding opportunity for savvy buyers looking for a premier second home or investment property. Spanning 6,041 square feet with six bedrooms and eight baths, the home features three separate living spaces that provide the perfect balance of togetherness and privacy. It is ideal for multigenerational families, frequent guests, or work-from-home flexibility. Step onto the rocking chair front porch overlooking a tranquil koi pond, then enter a residence defined by timeless craftsmanship and thoughtful design. Hardwood floors, custom stonework, and built-in shelving create a warm, elevated atmosphere throughout. The heart of the home is the chef's kitchen, anchored by an oversized butcher block island that invites casual mornings, family gatherings, and large-scale entertaining. The seamless flow into multiple living areas is enhanced by whole-home audio, a custom bar, and a dedicated space perfectly suited for a golf simulator. A sunroom and screened porch further extend the living space for year-round enjoyment. The owner's suite is a true retreat, complete with dual walk-in closets, a private balcony ideal for quiet evenings, and a luxurious primary bath featuring cathedral ceilings, wood beams, and a spacious walk-in shower. Outside, the private backyard is a resort-like destination unto itself, featuring a pool, hot tub, fully equipped outdoor kitchen, volleyball court, firepit, and beautifully landscaped grounds with complete privacy and no neighbors in sight. Additional living options include a detached pool house and a fully remodeled one-bedroom apartment above the three-car garage. Built with wide entryways and a functional chair lift, the apartment is perfect for extended family with mobility issues, long-term guests, or additional rental income. This is more than a home; it's a lifestyle property with strong year-round appeal and significant income-generating potential during Augusta's premier golf week. Space to gather, room to grow, and the perfect base for enjoying everything Augusta has to offer. Schedule your private showing today and discover why this estate stands apart.
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.
