Welcome to a truly one-of-a-kind 5 bedroom 5 and a half bath residence located in the private, separately gated Manor Homes section of the prestigious Chateau Elan community. Tucked within this exclusive hidden gem enclave, this distinctive home offers exceptional indoor-outdoor living, unmatched flexibility, and resort-style appeal in one of North Georgia's most sought after destinations. This home showcases a rare architectural design centered around a private courtyard pool, with the main level wrapped around the outdoor living space to create a seamless indoor-outdoor flow unlike anything else. Rather than a traditional front entry, guests are welcomed through iron gates that open directly into the courtyard, creating a dramatic and unforgetable first impression. Inside, high ceilings on the main level enhance the home's spacious feel and architectural character. The main-level primary suite offers a true private retreat, complete with see-through fireplace, separate his and hers vanities and walk in closets, an oversized shower, and its own private screened-in porch for peaceful mornings with a cup of coffee or quiet evenings with a book or glass of wine. The oversized kitchen features beautiful beamed ceilings and opens seamlessly to the family room, complete with stone fireplace, creating a warm and inviting gathering space ideal for both everyday living and entertaining. The family room sliding doors open to a screened in porch, adding yet another inviting space to relax and enjoy the home's connection to the outdoors. A private detached "casita" bedroom with adjoining cabana bath adds incredible versatility, ideal for guests, multi-generational living, a teen suite or a secluded home office. Upstairs, secondary bedrooms feature sliding door access to a covered porch overlooking the pool, offering a unique retreat and beautiful views of the private courtyard below. The finished terrace level offers an open, spacious feel and expands the home's versatility with a full bath, bar area, amd multiple flex spaces ideal for a home office, media room, home theater, gym or future in-law/guest suite. Situated on a large corner lot, the property is surrounded by lush landscaping lovingly cultivated by an avid gardener, with mature perennial plantings and thoughtfully designed garden beds that add color, texture, and year-round beauty. Car enthusiasts, or those needing extra storage will appreciate the rare 4-car garage setup, including a 2-car garage on the main level plus a second driveway leading to an additional lower-level 2-car garage and guest parking. Recent practical updates include a roof approximately 5 years old and LeafGuard gutters for added peace of mind. Rich in character and designed for both entertaining and everyday comfort, this property offers a rare opportunity to enjoy privacy, flexibility, and lifestyle in a truly unforgettable setting. It is your chance to bring your paint deck and decorating ideas and breathe new life into this beloved home.
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.
