An incredible opportunity awaits on Atlanta’s rapidly transforming Westside—where location, land, and long-term value converge. This super-adorable all-brick home sits in the heart of West Lake, one of the city’s most strategically positioned neighborhoods for investors, developers, and buyers who understand the power of proximity and potential. The main level features a 3-bedroom, 1-bath layout with a separate living room and dining room—classic charm ready to be reimagined. Below, the full-length unfinished basement dramatically expands your options: a bedroom, bathroom, private entrance, and two oversized rooms that can become bedrooms, a studio suite, an entertainment space, or a full second living level. The canvas is wide open. But the true value? You’re not just buying a home—you’re acquiring land. Behind the property sits an additional .1274-acre parcel (Parcel ID: 14-0147-001-058-0), 0 Joseph Boon Blvd NE Rear, with a sewer line already in place, being sold with this home. Buyer's due diligence: Build a second home, a detached garage, a cottage, a multi-unit investment property, or hold the land as the area continues to appreciate. The pink ribbon in the backyard marks the start of this bonus parcel. This is generational-wealth positioning for the buyer who can see beyond the surface. Surrounded by some of Atlanta’s most iconic and fast-growing destinations—historic Mosley Park, West Lake MARTA Station, the Westside BeltLine, Mercedes-Benz Stadium, Westside Park at Bellwood Quarry, Westside Reservoir Park, the emerging Microsoft campus, and minutes to downtown—this location is primed for explosive growth. With NO HOA, the property aligns perfectly with multiple strategies: Rental income, fix-and-flip, multigenerational living, or a two-parcel redevelopment play. Please respect the property and do not approach without permission.
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.
