Welcome Home to Eastside Luxury in the Coveted Lakewood Subdivision! Built in 2018 and completely move-in ready, this stunning 3-bedroom, 2-bathroom Craftsman-style ranch offers a rare blend of neighborhood charm and private serenity. Tucked away on a peaceful street, you will enjoy a privacy-fenced backyard backing up to a tranquil wooded buffer, paired with picturesque views of open fields, woods, and a park directly across the street. Step inside to a bright, open-concept floor plan that effortlessly marries modern upgrades with timeless architectural details. Fresh interior paint, wide-plank wood floors, and abundant natural light highlight the soaring 9-plus-foot ceilings. Elegance is in the details, featuring heavy crown molding and striking coffered and vaulted ceilings throughout the living areas. The spacious great room is anchored by a beautiful brick-surround gas fireplace and flows seamlessly into a true chef's kitchen. Designed for both entertaining and everyday function, this culinary space boasts custom white cabinetry with soft-close drawers, a massive prep island with seating, and gleaming granite countertops. Premium stainless steel appliances, including a gas range and sleek vent hood, along with thoughtful upgrades like a clever hidden trash compartment, make this kitchen a standout feature. The private primary suite serves as a relaxing retreat, complete with a generous walk-in closet and a beautifully appointed en-suite bathroom showcasing a double vanity, extensive cabinetry, and a large custom-tiled shower. Two additional guest bedrooms provide ample storage and share a highly upgraded full bathroom. For everyday convenience, the side-entry, two-car garage opens directly into a thoughtfully designed mudroom and drop zone. Outdoor Living & Community Amenities: Entertain or unwind on your beautiful stone patio, complete with a fire pit perfect for evenings under the stars. The expansive, fully fenced backyard provides a safe haven for pets, children to play, and outdoor gatherings. Beyond your property line, the Lakewood community lifestyle awaits, offering beautifully landscaped green spaces, walking trails, and exclusive access to scenic Dekle Lake. Unbeatable Location: Experience the ultimate balance of serenity and accessibility. You are less than two minutes from local grocery stores, dining, and shopping, and just a short 7-minute drive to Downtown Athens, the UGA College of Veterinary Medicine, and the main UGA campus. Exclusive Buyer Incentives: Buy with peace of mind! The seller is including a home warranty, and the preferred lender is offering a 1% lender credit (based on loan amount) to buy down your interest rate or cover closing costs.
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.
