Welcome Home to This Timeless Atlanta Brick Ranch! Nestled on a level, private lot in Atlanta, this stunning four-sided brick ranch with a finished daylight basement is full of character and ready for its next chapter. Whether you’re a growing family or a first-time homebuyer, this home offers the space, charm, and flexibility to make it truly your own. Step inside and be greeted by a spacious living and dining room combo, perfect for gathering and entertaining. The separate kitchen features classic wood cabinetry, hardwood floors, laminate countertops, a pantry and white appliances — and yes, the refrigerator stays! A cozy great room with a gorgeous brick gas-burning fireplace adds warmth and heart to the main level. This 4-bedroom, 2.5-bathroom home offers incredible versatility for families of all sizes. The master suite is conveniently located on the main floor, accompanied by two additional secondary bedrooms and a full secondary bathroom with a shower — making everyday living effortless and accessible. Head downstairs to the finished daylight basement, where you’ll find a fourth bedroom, a half bath, and a generous entertainment space — ideal for a media room, playroom, or multi-generational living. Bring your vision and let the possibilities unfold! Outside, enjoy the best of Atlanta living with a fenced backyard, a covered patio perfect for cookouts and gatherings, and an enclosed sunroom that offers versatile bonus space — think home office, hobby room, or a quiet reading nook. A storage shed and a two-car garage round out this incredible property. Location? Simply unbeatable. Easy access to major highways, nearby shopping and dining, and convenient public transit options put everything Atlanta has to offer right at your doorstep — making your daily commute and weekend adventures a breeze. This is more than a house! Schedule your private tour 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.
