Welcome to Bears End, a one-of-a-kind 3-bedroom, 2-bath mountain cabin nestled on Blood Mountain in Blairsville. This thoughtfully crafted retreat showcases stunning custom details, including a gas-burning stone fireplace built from stones collected by the owner, a custom stair railing made from trees on the property, and stairs milled from wood sourced directly on-site. Pine shiplap walls over drywall provide the classic cabin feel with excellent insulation for year-round comfort. The main level features a spacious vaulted living room, large dining area, and an updated kitchen with 2023 stainless steel appliances and granite countertops. A bedroom and full bath are conveniently located on the main floor. Newer laminate flooring runs throughout the home for durability and easy maintenance. The custom-made table centerpiece will remain with the property. The terrace level offers two large bedrooms, a full bath, laundry room, and newly installed water heater. Recent improvements include exterior and ceiling paint, fresh landscaping, and a 2021 metal roof. Outdoor features are just as impressive, including a custom-designed creek bed that collects water and is pumped uphill to create a beautiful cascading waterfall down the front of the property. Enjoy relaxing under the front porch awning or in the newly added screened porch and sunroom with seasonal mountain views. The fully paved driveway (no gravel) is ideal for motorcycles or sports cars. An 18x20 shed near the driveway can accommodate up to four motorcycles, and additional sheds, a secondary driveway with storage room, and space for an RV or boat provide exceptional storage options. With NO HOA and short-term rental friendly status, plus paved access directly from Blood Mountain, Bears End offers mountain charm, craftsmanship, and income potential all in one unique North Georgia retreat.
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.
