Welcome to this exceptional 6-bedroom, 5-bath home located in the desirable Chandler Bluff subdivision and within the highly sought-after Archer High School district. Offering over three finished levels of living space, this beautifully designed home provides the perfect blend of elegance, functionality, and room to grow. Step inside the impressive two-story foyer, where you'll find a private office with French doors-ideal for working from home-as well as a formal dining room perfect for holiday gatherings and entertaining. The heart of the home is the spacious kitchen, featuring stained wood cabinetry, granite countertops, a tiled backsplash, breakfast bar, and abundant prep space. The kitchen overlooks the inviting family room, where a stunning double-sided fireplace creates a warm and welcoming atmosphere while connecting the living spaces. A main-level bedroom with direct access to a full bath offers an ideal setup for guests, multi-generational living, or a private home office. Upstairs, the oversized primary suite serves as a relaxing retreat with vaulted ceilings, a spacious walk-in closet, and a spa-inspired en-suite bath featuring dual vanities, a corner soaking tub, and a separate shower. Three additional bedrooms complete the upper level, each with direct access to a full bathroom, providing comfort and privacy for family members and guests. The conveniently located upstairs laundry room includes the washer and dryer. The fully finished lower level dramatically expands the home's living space with a large bonus room, wet bar, sixth bedroom, full bath, and several additional finished rooms that can easily serve as a media room, game room, fitness area, craft room, home office, or hobby space. This level offers incredible flexibility to fit your lifestyle. Step outside to enjoy the deck overlooking the fenced backyard, or gather around the firepit for evenings with family and friends. The private outdoor living space is perfect for entertaining, relaxing, and enjoying the seasons. Conveniently located near parks, shopping, and dining in both Grayson and Lawrenceville, with easy access to Georgia State Route 316, this home offers the perfect balance of peaceful neighborhood living and everyday convenience. With its spacious floor plan, finished basement, sought-after school district, and exceptional location, this home is an outstanding opportunity you won't want to miss.
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.
