Stunning Lakefront Mid Century Modern Ranch Home - Entertainer's Dream! Welcome to your private lakefront oasis! This all-brick, Mid Century Modern ranch home spans 3034 square feet, offering the perfect blend of luxury, comfort, and stunning lake views. Situated on a sprawling 1.2-acre lot, this home features 4 spacious bedrooms and 3.5 baths, making it ideal for both everyday living and hosting unforgettable gatherings. Step outside to your very own outdoor paradise-complete with a saltwater pool that overlooks the serene lake. The pool features an automatic cover, multiple built-in benches, and two integrated beer taps with glycol-chilled systems, so you can enjoy perfectly poured drinks while you soak up the sun. At night, gather around the firepit and enjoy the tranquil lake views from your dedicated seating area. The lake itself offers a variety of recreational activities, including swimming, fishing, kayaking, jet skiing, water skiing, and boating, allowing you to make the most of your waterfront lifestyle. The HOA is voluntary, but access to the lake has a yearly fee. Inside, this home boasts an open-concept design that floods with natural light, making every room feel warm and inviting. The chef's kitchen is a true masterpiece, with upgraded appliances, a cabinet lift for your KitchenAid mixer providing seamless storage, a Wi-Fi-enabled oven and stove for modern convenience, and a dedicated coffee bar complete with a filtered water line and a mini fridge. The large island is perfect for prepping meals or gathering with friends and family, and the Google smart kitchen faucet with voice and wave controls elevate your daily routine. The primary bedroom offers sweeping views of the lake and direct access to the back deck. The en-suite bathroom features a double vanity and tile floors, while smart bidets in the bathrooms add a touch of high-tech comfort. Throughout the home, you'll find wood-like tile floors that blend beauty with durability, and the laundry room is conveniently located near the garage, featuring a Wi-Fi-controlled washer and dryer for ultimate ease. For those who love to entertain, the dedicated full bar offers plenty of space for mixing cocktails and socializing, with abundant natural light pouring in from every direction. The garage includes a standard EV car charging outlet, and the yard features an oversized 16-foot gate, providing wide access to the backyard, which boasts maintenance-free composite decking. This home is designed with both luxury and functionality in mind, offering a serene lifestyle and the perfect setting for hosting friends and family. Come experience lakefront living at its finest. This home is conveniently located 10 minutes from downtown Newnan and 15 minutes to I-85.
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.
