Welcome to this 2 Story home with 4 bedrooms, 3 baths and a partially finished basement -perfect for a home workshop, as well as potential for a teen / in-law suite already stubbed for bath with separate entrance. This home is located in the highly sought after Alexander Farms where the neighbors wave when passing by and is situated on a small, quiet cul-de-sac street with all newly paved asphalt roads. There is a fenced in back yard, with 2 garages in front including driveway parking for four cars, along with an additional oversized third garage, with separate driveway on the side of the house. Upper garages include storage shelves and above head storage racks. Your guests will always have a spot and you will have plenty of storage. The Main level includes a spacious kitchen open to the family room and breakfast area, a large dining room, a den (currently used as a library), laundry room and a half bath. Upstairs is an oversized Master Bedroom, almost large enough to take up bowling, It has a large full bath, soaking jetted tub, walk-in shower, watershed, and large walk-in closet. There are three additional large bedrooms, one currently used as an office, and another full bath with newly updated walk-in shower. Outside you’ll have established hydrangeas, rose bush, dinner plate sized begonia flower plants, two large gardenias, butterfly bushes, jasmine, red Japanese maple tree and more. Under the deck is a patio covered with tin for use in any weather. Don’t forget to check out the community lake and amenities which include a nature walk, club house, basketball court, pool, wading pool, playground, picnic area with a grill, and a 10 acre certified wildlife sanctuary by Atlanta Audubon Society. Easy access to Marietta Square, Dining, Barrett Parkway, Dallas Highway, Local Hospitals, great schools and just minutes from Kennesaw Mountain National Battlefield Park, with a church across from subdivision. Welcome to your new home 2689 Achillea Court SW.
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.
