If you've been searching for a home that keeps you close to parks, local shops, and award-winning restaurants, and vibrant nightlife — without giving up space or breathing room — 2886 Horseshoe Drive has everything you need. Just minutes from everything eclectic & fun East Atlanta Village offers, including the EAV Farmer’s Market on Thursdays and the Atlanta Beltline and greenways nearby. Enjoy intown living while still being quietly tucked away, with easy access to I-20 so that the best of the entire city is right at your fingertips just a short drive away! On a nearly 1/3 acre lot, this all-brick mid-century 3-bedroom, 2-bath home has spacious front and back yards, ideal for gardening, entertaining, and letting those fur babies roam free! Inside, original hardwood floors and a sun-soaked living room give you that warm and cozy feeling, bringing light and the outdoors in with the large picture window. The flexible layout lets you adapt to life's every need whether you love hosting, or need a comfortable work from home space. The kitchen was recently updated with new cabinets and tilework, offering a clean, modern look. A spacious sunroom extends the living space even further —perfect for relaxed dinners, lounging with friends, a greenhouse-esque collection of plants, or enjoying quiet mornings at home. Major improvements have already been completed, including a full electrical update in 2020 and a brand-new roof installed in December 2026, providing comfort and peace of mind for years to come. Perfect for a first-time homebuyer or anyone looking to add to their portfolio. Close to Atlanta’s favorite parks, markets, and nightlife, this home lets you live a lifestyle that feels connected, comfortable, and convenient!
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.
