Welcome home to this spacious 4-bedroom, 2.5-bath residence situated on a full acre with no active HOA. Thoughtfully designed floor plan that offers both openness and defined living spaces. BRAND NEW LVP FLOORING flows throughout the entire main level, creating a modern, cohesive feel. A formal living room-perfect for a home office, sitting room, or play space, and connects seamlessly to a separate dining room - ideal for hosting gatherings. The expansive kitchen opens to the two-story family room, creating an inviting space for everyday living and entertaining. Enjoy soaring ceilings, a cozy gas fireplace, newer stainless steel appliances, plenty of counter space, and an abundance of cabinetry. For added convenience there is a powder room on the main floor, and spacious laundry room with 2 year old washer and dryer. Upstairs, retreat to the generously sized primary suite with a private en-suite bath and walk-in closet. The bathroom features separate vanities, a soaking tub, separate shower, and abundance of NATURAL LIGHT. Three additional bedrooms and a shared full bath provide plenty of space for family or guests. And if you are looking for storage space this home offer plenty... under the staircase and above the garage. Step outside and imagine the possibilities. The fenced backyard is already set up for relaxation with a gazebo and hot tub, storage shed, peach trees, lemon tree, berries, and grapes, are all established here. Plenty of space to create your dream outdoor oasis - garden, play area, or even a future pool. There's room for it all. For added peace of mind the HVAC was replaced in 2019 and water heater in 2022, and the exterior was recently painted. This home also has an ASSUMABLE VA loan. Ideally located with easy access to I-85 and just minutes from Peachtree City, Fayetteville, shopping, parks, Trilith Studios, and much more-this home offers the perfect blend of space, comfort, and convenience.
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.
