Beautiful two-story cul-de-sac home in the sought-after Northcliff community of Roswell! A serene, professionally landscaped front elevation welcomes you through elegant glass double doors into a grand two-story foyer. The main level features a spacious formal dining room and formal living room, providing the perfect setting for entertaining and everyday living. The inviting family room showcases a stunning gas fireplace with a stone surround flanked by custom built-ins. Open concept flow to the heart of the home: the well-appointed kitchen. Designed for both function and style, the kitchen offers breakfast bar seating, a large prep island, granite countertops, stainless steel appliances, and a bright eat-in breakfast area filled with natural light. Step outside to the expansive dual deck featuring both covered and open-air spaces, ideal for year-round entertaining, dining, and relaxing while enjoying the peaceful surroundings. Upstairs, the oversized primary suite impresses with a trey ceiling and a large foot-print en-suite bath complete with double vanities, a soaking tub, a glass-enclosed shower and large walk-in closet. Additional generously sized bedrooms and two Jack-n-Jill bathrooms provide comfort and flexibility for family and guests. The fully finished terrace level is the perfect in-law suite or multi-generational living space, featuring a full kitchen, additional laundry area, and two additional rooms. Walk-out to the separate large covered patio to enjoy a summer sunset. The large, flat backyard offers plenty of room for play and gatherings, complete with a cozy firepit and a private trail as well as a soothing babbling creek that creates a truly tranquil setting. Enjoy added peace of mind as this home has all NEW windows and NEW roof! Located in a desirable swim/tennis community, this exceptional home is conveniently situated near downtown Roswell, major highways, and an abundance of shopping, dining, and entertainment options.
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.
