This is not just a house, it feels like home as soon as you pull in the driveway. This truly warm and inviting, charming home place nestled in what feels like a privately-owned park of 1.51 acres adorned with beautiful trees, garden spots, outdoor living spaces with privacy and all the sights and sounds of Mother Nature and views to enjoy from anywhere in the house. Private corner lot in the most beautiful wooded subdivision, Laurel Forest! 7.9 miles from downtown Dahlonega. Covered front porch, back deck and lower patio and a large patio nestled in the backyard for additional outdoor living, fire pit, sauna or whatever you want to put there! Fenced back yard. You must come to see it to feel it. The interior boasts popular grays and blues lending to modern style with open and spacious living and dining areas, high ceilings, geometric architecture, natural light. The kitchen has brand new, gorgeous quartz countertops, new stainless sink/faucet with a low breakfast bar, all stainless appliances! Pantry and lots of storage! Split bedroom plan with spacious bedrooms. Stately owner's suite. Garage entry into utility hallway close to kitchen. Interior and exterior access to daylight, finished basement with a 2nd living room, 2 additional bedrooms and full bath PLUS ENORMOUS STORAGE ROOMS! You cannot possibly fill them up! An extra entry room for extra refrigerators or safe, office space, flex space. Storm doors on all doors. Huge parking pad and tons of parking and an extra carport. Roof is 3 years old. This home is wired for a generator; it is Energy Certified with very, very low utility bills and septic/well to avoid city water and sewer charges also! Seller is brokenhearted to leave this home, but his career is leading him to move. Seller has an assumable VA loan. Talk to your lender about options. This is a CHOICE home! It won't last! Call today!
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.
