Welcome to your private five-acre sanctuary in the heart of Dawsonville. This custom-built home offers the perfect blend of luxury, comfort, and tranquility, designed for both everyday living and unforgettable entertaining. From the moment you arrive, you’ll be surrounded by beautifully landscaped grounds and the peaceful privacy of North Georgia living. Step inside to discover a thoughtfully designed floor plan featuring four spacious bedrooms and three full bathrooms. The inviting living and dining spaces provide the perfect balance between open-concept flow and defined areas for entertaining or quiet moments. The fully finished basement offers flexible living options with space ideal for a media room, guest suite, or home gym. Built in 2002 and meticulously maintained, the home features stylish upgrades throughout, offering both elegance and warmth in every detail. The backyard transforms this property into a true resort-style retreat. Enjoy a custom gunite pool with a hot tub spa, an outdoor kitchen and dining area, a cozy fire pit, and a stunning outdoor fireplace perfect for cool evenings. A private music stage adds a one-of-a-kind feature—ideal for events, performances, or simply enjoying live music under the stars. A Home That Grows With You This property combines privacy, elegance, and lifestyle — with the flexibility to make it truly your own. Whether you keep the charming traditional layout or open it up for a modern flow, 255 Reece Rd offers endless possibilities to fit your dreams. Located just minutes from Amicalola Falls State Park, Iron Mountain Park, and Atlanta Motorsports Park, this home provides the perfect balance of serenity and convenience. Whether you’re seeking a private getaway, a home built for entertaining, or a lifestyle property surrounded by nature, 255 Reece Rd offers it all. Your dream home awaits — where every day feels like a getaway.
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.
