Welcome to this charming residence located at 2125 Smyrna Road, Conyers, GA. This well-appointed home is characterized by its unique architectural features and thoughtfully designed layout, making it an inviting sanctuary for homeowners. As you approach the property, you are greeted by an expansive front yard, framed by lush trees and mature landscaping that provides a serene and private atmosphere. The exterior features a front porch for enjoying the outside. The home features a completely separated suite (currently leased) with it's own private entry. There is kitchen, sitting area, closet, storage and bedroom. Stepping inside, the spacious living area of the main home showcases a blend of rustic charm and modern comforts. Natural light floods the room through strategically placed windows, enhancing the clean lines and warm tones of the wood paneling. The focal point of the living room is the inviting brick fireplace, perfect for cozy gatherings during colder months. The layout ensures a seamless flow to the adjoining spaces, creating an ideal environment for both entertaining and daily living. The kitchen is efficiently designed, featuring ample cabinetry and counter space. It is equipped with essential appliances that facilitate both cooking and entertaining. The design maximizes functionality, with an open window view that connects the kitchen to the sunroom/office area, promoting inclusivity while preparing meals, and is flanked by a dining area with additional cabinetry. Outdoor living is just as inviting, with a spacious yard that invites recreational activities and gardening pursuits. The surrounding greenery contributes to the tranquil ambiance, while the patio area offers a great spot for outdoor dining or relaxation. The detached workshop/garage/storage adds some extra storage. This home at 2125 Smyrna Road Southwest is an excellent opportunity for anyone seeking a blend of comfort and functionality. It provides a welcoming escape while being conveniently located near amenities, making it an ideal choice for modern living. NOTE: Qualified buyers can purchase this home with NO MONEY DOWN when using Preferred Lender!
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.
