VA Loan Assumption Opportunity – No Veteran Status Required. Assume an ultra-rare, never-to-be-seen-again-in-our-lifetime 2.875% VA loan and save approximately $640 per month—that’s $60,000–$75,000 in interest savings over a typical ownership period (8-10 years), and more than $230,000 over the life of the loan. More details below... Welcome to an exceptional opportunity in the heart of Buckhead at The Plantation at Lenox, where refined living meets a serene, nature-forward setting. This beautifully updated three-bedroom residence offers a thoughtful layout and meaningful upgrades designed for both comfort and long-term value. The home features new hardwood flooring in the living room, dining room, and office/third bedroom, complemented by upgraded lighting throughout that enhances the bright, elegant feel of the space. All windows and sliding glass doors have been replaced and include a 20-year transferable warranty, providing peace of mind and improved energy efficiency for years to come. The spacious primary suite serves as a true retreat, complete with a large walk-in closet. The floor plan includes a formal dining room, a kitchen with a charming breakfast nook, and an inviting sunroom that opens to a private balcony overlooking the community’s pond and lush green landscape. Crown molding adds a classic, refined touch throughout, while two gas fireplaces create warmth and ambiance in the main living areas. Additional conveniences include an in-unit washer and dryer, generous walk-in closets, and two dedicated parking spaces located close to the building entrance. Hot water is provided by the building, and the community completed a full roof replacement in 2020, further reinforcing long-term stability. Basic internet service is currently included in the HOA fee. Notably, this three-bedroom unit benefits from the same HOA fee structure as the one- and two-bedroom residences, a rare and valuable advantage. Life at The Plantation at Lenox offers a unique balance of privacy, security, and natural beauty. This gated, 35-acre community—developed by McMahan in the early 1980s—features two private lakes, waterfalls, streams, scenic jogging trails, and abundant wildlife, including deer, herons, ducks, and hawks. Residents enjoy a near Olympic-size saltwater pool (open longer than most communities), a renovated fitness center, library, clubroom, BBQ area, and well-lit walking paths throughout the grounds. A 24-hour guarded entrance and two egress points onto Lenox Road provide both security and convenience. The location is unmatched—just minutes from Lenox Mall, Phipps Plaza, and the Brookhaven Costco, with easy access to GA-400, I-75/85, and Buford Highway. Buckhead, Midtown, Downtown, and Virginia-Highland are all within quick reach, and the Lenox MARTA station is walkable. An array of top-tier restaurants, shopping, and cultural destinations surround the community. This property offers a rare chance to assume the seller’s 2.875% fixed VA loan with a remaining balance under $323,000. Monthly principal and interest is approximately $1,337, compared to about $1,978 per month at today’s rates—representing potential savings of over $640 per month. The seller, a qualified veteran, is open to transferring their VA entitlement, making this a fully assumable VA loan and potentially saving tens of thousands of dollars over the life of the loan. Ask your lender or the listing broker for qualification details and next steps—opportunities like this are exceptionally rare.
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.
