I remember the first time I saw her. Dark and moody with a coral front door smiling at me in a flirtations kind of way. She was hiding. Tucked behind the trees overlooking the Chattahoochee. Mysterious Private like she owned the river and everything it carried. She did. Born in 1968, and dreamed into existence. Cedar and stone. Exposed beams reaching across open sky. Vertical spaces making you look up, then out, then inward. Picture windows so generous they feel more like portals to other dimensions. Three levels. One hundred and eighty degrees of river below you, sky above you, and nothing between you and all of it but glass. A mid-century modern soul with a Bohemian attitude. Every room has its own personality. Every space feels authentic and curated with raw, organic antiques and treasures from different parts of the world. You run your finger down the cedar banister imagining the parties and different characters who called this space home. The light bounces off the rock fireplace and makes dramatic shadows across the wood floor. The kitchen is delicious with warm cherry custom cabinetry and terrazzo countertops from concrete collaborative. Every surface needs to be touched. You would give anything to call this kitchen yours. Upstairs the primary suite is swimming in natural light with breathtaking views of the river. There would be no reason to ever leave this room. PJ’s all day with your favorite music playing in the background and another cup of tea. The owners bath features a full built-in cedar sauna offset with vintage tile and more attitude than your 13-year old daughter. Outside, 1.1 acres unfolds peaceful, natural water and leaves, birds and sky. Low maintenance by design, which is the only intelligent way to own land this beautiful. Why spend your weekends tending the grounds when the Chattahoochee is right there, moving through the valley below whispering secrets. Calm and steady. For the person who walked into every new development of identical ambition, and felt absolutely nothing. This house reaches out and grabs you by the collar. She says you have been settling. She says you knew better all along. Cedar. Stone. Glass. River. Sky. You thought you would never fall in love like this, but you were wrong. Here you have uncovered a new feeling a connection to nature. In her presence you’ve become someone different. She is a once in a lifetime home. Movies get filmed here. People fall in love. Parties never end. Walk away, and she becomes the standard. Every unremarkable kitchen, every perfectly fine backyard a painful reminder of what you let slip away. She is not waiting for you. She never waits. *** Don’t miss full YouTube video walk through Search 225 River North Dr.*** SHOWINGS Start Friday***
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.
