Don’t just buy a house—buy a place you can truly make a home. With a little vision and a little love, this property offers the opportunity to transform a house into something deeply personal. That’s what homeownership is all about: making thoughtful changes, adding warmth and beauty, and creating a space that reflects you. This 3-bedroom, 3-bath home is a true blank canvas—ideal for roommates, multi-generational living, or anyone who values both privacy and flexibility. Whether you’re living solo or sharing space, this layout offers a rare mix of comfort and opportunity. Perfect for roommates, easy to manage, and positioned in an area poised for growth—this is where lifestyle and smart investing meet. I’ve shared a few digital ideas to get you started… now take it away. A grassroots opportunity in a great location, this home allows you to add equity, grow, and thrive in the emerging East Point community. The bones are solid, the neighborhood is on the rise, and the price point makes sense for what you’re getting. Enjoy a private, low-maintenance yard, a location convenient to dining, entertainment, and everyday essentials, and for added peace of mind, a home warranty is offered to support you through your first year of homeownership. Imagine what this space could look like a year from now, five years from now—your fingerprints in every room, your story in every corner. Schedule your showing today and come see the potential. Come see the possibilities. East Point is on the rise, and opportunities like this don’t last.
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.
