ASSUMABLE RATE of 4.875%!! Welcome home to your beautiful mountain getaway in the sought-after community of Bent Tree in Jasper, GA! This charming home offers a spacious interior with tons of natural light, and has been newly remodeled throughout. With 5 bedrooms and 3.5 baths, spanning 3598 sq. ft. you will not run out of space! The main floor boasts of the master bedroom and bath, along with an over-sized family room, fireplace, kitchen, dining area, walk-in laundry room, and a sunroom that leads out to the back deck that overlooks the private, fenced in back yard. Upstairs you will find 2 nice sized bedrooms and a full bath, along with storage areas. The fully functional terrace level can be accessed from inside or outside the home, and includes 2 large bedrooms and 1.5 baths, along with a kitchen, living room, and wood burning fireplace. This makes for a perfect in-law suite, teenage hangout, guest quarters, or rental income. An abundance of additional storage area is also provided in this space. A propane back up generator powers the whole home in winter & part of the home in the summer, adding to the functionality of the property. Enjoy the peace and tranquility of this .46 acre lot as you watch the deer play from the front porch. Conveniently located minutes to the main gate, swimming pool, Lake Tamarack, the 19th Hole Restaurant. Bent Tree encompasses 3500 acres and features 24/7 security, a 110-Acre private, stocked lake perfect for fishing and kayaking, an 18-Hole Joe Lee designed golf course, five tennis courts (two inside for year round play), a pickle ball court, two pools, a beach area, hiking trails, water falls, its own fire department and water system, a dog park, bocce ball court, basketball court, horseshoe court, playground, boat storage, boat launch area, clubhouse, restaurant, waterfalls and hiking trails. Bent Tree is also one of the only equestrian neighborhoods in North Georgia complete with stables, pastures, and riding rings. Don't miss out on all this home and mountain community has to offer!
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.
