1.6 Acres • No HOA • Fully Renovated A beautifully renovated, move-in-ready home situated on approximately 1.6 acres in Newnan with no HOA restrictions. This rare combination of extensive updates, privacy, and freedom makes this property an exceptional alternative to both older resale homes and new construction communities. The seller has completed a comprehensive renovation, allowing the next owner to enjoy the home without the expense and hassle of major projects. Recent improvements include a new roof, new HVAC system, new luxury vinyl plank flooring, new carpet, fresh interior paint, new toilets, and new light fixtures. Every detail has been thoughtfully updated to create a modern, comfortable, and truly turnkey living experience. Inside, you'll find a desirable floor plan featuring an owner's suite with a private en-suite bathroom, providing a comfortable retreat at the end of the day. Two additional bedrooms and a full bathroom offer plenty of space for family, guests, or a home office. The inviting family room is centered around a wood-burning fireplace, creating the perfect place to gather on cool evenings while enjoying the warmth and comforting crackle of a real wood fire. The kitchen is designed for both everyday living featuring a breakfast bar and adjoining informal dining area that provides the perfect setting for casual family meals, morning coffee, or gathering with friends. A separate formal dining room offers exceptional flexibility to fit your lifestyle. Whether you envision hosting holiday dinners, creating a dedicated home office, playroom, hobby room, or additional living space, this room can easily adapt to your needs. One of the home's most enjoyable features is the screened back porch, offering the perfect place to enjoy your morning coffee, unwind after a long day, or entertain guests while taking in the peaceful surroundings of the property. Step outside and discover one of the property's most valuable features—approximately 1.6 acres of land. Whether you dream of gardening, entertaining, adding a workshop, creating outdoor recreation space, or simply enjoying the privacy and open space that are becoming increasingly difficult to find, this property offers endless possibilities. Best of all, there are no HOA fees and no HOA restrictions, giving you the freedom to enjoy your property the way you choose. Why settle for a builder-grade home on a small lot with HOA restrictions when you can own a fully renovated home with room to breathe, room to grow, and room to enjoy life? If you've been searching for a property that combines modern updates, acreage, privacy, and freedom, 275 Jack Russell Road is the opportunity you've been waiting for. Fully Renovated • 1.6 Acres • No HOA • Move-In Ready
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.
