Back on the market with a fresh new price! With a brand new roof and recent improvements that’ll give buyers peace of mind, this home is the perfect place to launch your homeownership era or add to your portfolio. At 2886 Horseshoe Drive, you’re just minutes from the eclectic energy of East Atlanta Village, where you can enjoy homegrown coffee shops, evenings out, and Thursday trips to the local farmer’s market, along with easy access to the Atlanta BeltLine and nearby greenways. And with quick access to I-20, the rest of the city is always within easy reach. Set on nearly a third of an acre, this all-brick mid-century home offers space to grow. The yard is full of potential - start a garden, host laid-back get-togethers, or finally give your pets room to roam. Inside, original hardwood floors ground the space, while the large picture window brings the outside in. The flexible layout and bonus room give you options, whether that’s a home office, creative studio, or a cozy space to recharge. The kitchen has been updated with new cabinetry and tilework for a clean, modern look. Then there's the spacious sunroom that just might become your favorite spot in the house, perfect for morning coffee, dinner with friends, creating the greenhouse you’ve always dreamed of, or a sunny and safe hangout spot for your pets. Big-ticket updates are already handled, including a full electrical upgrade in 2020 and a brand-new roof in December 2026—so you can focus on the fun part: making it yours. Ask about $4,500 toward closing costs available through preferred lender Jasmine Mortgage!
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.
