Your Dream Home Awaits! Discover unparalleled comfort and luxury in this gorgeous floor plan, located in the highly sought-after Mountain Crest Community in Cumming. Designed with elegance and functionality in mind, this home is perfect for entertaining and everyday living. This spacious 4 Bedroom | 3 Full Bathroom beauty features an open-concept kitchen / living area with an abundance of natural light. The Chef’s kitchen features a large island, granite countertops, stainless steel appliances, and a walk-in pantry. Retire to the comfort of your expansive primary suite with a spa-like bathroom, dual vanities, soaking tub, and a huge walk-in closet. This magnificent home has been modified to include a secondary suite, especially designed for a multigenerational floor plan and also includes a bonus loft – a perfect flex space for an office, media room, additional lounging area - whatever fits your specific needs. Unwind or entertain easily in the large backyard complete with a custom 12' by 24' tile patio, ideal for relaxing or hosting summer BBQs. The attached two-car garage has a Level 2 car charger & extra storage space. Mountain Crest is a master-planned community offering resort-style amenities, including: zero-entry pool with lap lanes and a splash area, state-of-the-art clubhouse with a fitness center and event spaces, tennis courts, pickleball courts, and walking trails for outdoor enthusiasts, community garden and lush green spaces for peaceful living. Situated in the heart of Cumming, this home offers easy access to GA-400, Lake Lanier, and the vibrant Halcyon and Avalon shopping centers. Conveniently located near top-rated schools, shopping, dining, and entertainment. You'll enjoy a perfect balance of suburban tranquility and urban convenience! This home is move-in ready and waiting for you to make it your own. Don't miss this opportunity to live in one of Forsyth County’s most prestigious communities!
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.
