Priced well below market value! Step back in time to this beautifully renovated 1914 entertainer, celebrated by the Historical Society as one of the most handsome and stunning homes in Forsyth, GA. Tucked away in a peaceful yet accessible spot, its enduring appeal greets you with the sweet scents of a charming rose garden and a majestic entry from the traditional wrap-around porch. The foyer impresses with its towering 12-foot ceilings, vintage chandelier, judges paneling, and pristine original heart pine floors that extend throughout the residence. The family room features expansive sunlit windows, a sealed fireplace adorned with an elegant period cast iron plate, and intricate original millwork. At the core of this historic treasure lies a stunning kitchen, fully updated with bespoke cabinetry, a stylish island complete with breakfast bar, granite surfaces, a custom vent hood, ample pantry space, and premium stainless steel appliances. The elegant dining room accommodates 10 or more guests, with sturdy wood doors and scenic vistas of the wrap-around porch and gardens. The primary suite exudes luxury, offering dual closets, a private entry to a screened porch, and a fabulous completely renovated bathroom with double vanity, linen storage, preserved shiplap, exquisite tiling, and oil-rubbed bronze accents-truly breathtaking! On the main floor, you'll find a flexible second bedroom ideal as adaptable space or a luxurious dressing area, a fresh half bath, and a spacious mudroom/laundry zone leading to the new rear deck, where chores come with inspiring views. Climb the graceful floating staircase to a cozy second-level sitting area that opens to four generous additional bedrooms, including a secondary suite with its own sunroom retreat. The second-story bathroom has been newly renovated for modern comfort. One bedroom includes concealed stairs to the attic, unlocking potential for future expansion. Merging contemporary flair, urban accessibility, and rural tranquility, this HGTV-highlighted historic gem in the Mary Persons School District awaits your visit-schedule a showing today and seize the opportunity!
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.
