Tucked away on a quiet street in Decatur, 2982 Valley Ridge Drive is a classic 4-sided brick ranch that blends timeless mid-century character with modern updates. Set on a generous 0.4 acre lot framed by mature trees, this 4 bedroom, 2 bath home offers an open concept floor plan full of comfortable, light-filled living space. Perfect for entertaining. Step inside to find freshly refinished hardwood floors that flow through the main and secondary floor, their warm tones catching the natural light from every room. The heart of the home is the open concept kitchen, where crisp white cabinetry pairs with gleaming countertops, a center island, and a breakfast bar with a clear view into the family room and backyard. Whether you're prepping dinner while the family gathers, hosting game night, or enjoying slow weekend mornings with coffee, the layout keeps everyone connected. Three bedrooms and a beautifully appointed bath occupy the upper level, including the owner's suite bath, which has been completely renovated from top to bottom with a separate soaking tub and shower that gives it a true spa-like feel. Downstairs, the daylight finished lower level lives like its own private retreat. With a fourth bedroom, full bath, laundry, and interior entry, it's tailor-made for an in-law suite, guest quarters, teen hangout, home office, or media room. The flexibility here is a rare find at this price point. Out back, a patio overlooks the fully fenced backyard, a big, private, open stretch of green with room for pets to roam, kids to play, gardens to grow, and weekend cookouts to run long into the evening. A covered carport keeps you dry from car to door. All of this sits just minutes from Downtown Decatur's shops and restaurants, East Lake Golf Club, Avondale Estates, and mins away from the Beltline, with I-20 and I-285 close by for an easy commute to Downtown Atlanta, Emory/CDC, and Hartsfield-Jackson. Surrounded by new construction and minutes from the newly announced Publix coming to the area. Solid brick construction, thoughtful updates, and nearly half an acre inside the perimeter. Homes like this don't wait around. Schedule your private showing today.
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.
