Beautiful brick front 4 bedroom, 4 full bathroom home featuring a fully renovated kitchen and an expansive finished basement with in-law suite potential. This home offers exceptional space, storage, and thoughtful upgrades throughout. The main level welcomes you with a two-story foyer, formal dining room with crown molding and chair rail, and a flex room currently used as a home office that can easily be converted back to a formal living room. The renovated kitchen includes new cabinets, quartz countertops, designer backsplash, vent hood, under-cabinet lighting, wine cooler, lazy Susan, soft-close drawers with full extension, newer appliances, recessed LED lighting, and an 8-foot island with seating and storage. Laminated wood flooring flows through the kitchen and opens to the family room featuring built-in bookshelves and a gas fireplace. A spacious guest bedroom and full bathroom with newer tile floors are conveniently located on the main level. Upstairs, the owner's suite features a double tray ceiling, crown molding, newer ceiling fan, space for a sitting area, and a large walk-in closet. The owner's bathroom includes heated tile floors, an oversized double shower, double vanity, and additional heating for comfort. Secondary bedrooms are generously sized, including one large size bedroom with a mini office area. The Jack-and-Jill bathroom has a tub/shower combo with newer tile flooring. Laundry room is located upstairs with access to a large additional storage area. An additional linen closet is located in the hallway. The full finished basement offers recessed lighting throughout, laminated wood floors, crown molding, coffered ceilings, built-ins in the living area, and a double tray ceiling. The basement kitchen features granite countertops, soft-close drawers, and a pantry. There is a bedroom/flex room with closet and tray ceiling, an additional flex room with ceiling fan, hallway storage closet, and a full bathroom with a new toilet and handicap support handles. Additional features include brick front exterior, replaced front-facing windows on both levels, newer front door, 6-inch gutters with covers, newer toilets in most bathrooms, and three HVAC systems (one for each level). The spacious garage offers additional storage. The large fenced backyard includes new fencing on both sides and a long deck with a covered system designed to divert rainwater, preventing water from draining to the lower section of the home. The only carpet in the home is on the basement stairs. Located close to Lake Lanier, shopping, restaurants, and neighborhood amenities including a remodeled clubhouse, pool, tennis courts, and playground. Active community with regular neighborhood events.
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.
