Welcome home to this gorgeous ranch home that boasts 5 bedrooms, a full finished daylight basement, a pool, and a large lot that is 1.09 acres. Updates include a newer roof, updated kitchen, renovated primary bathroom, newer 2nd floor HVAC, new water heater, new water regulator, new flooring on the main floor, newer fireplace stone trim, freshly painted garaged doors, freshly painted shutters, cedar beams installed on the main floor, accent cedar wall in the family room, newer gutters, freshly painted doors, new light fixtures throughout, and under decking. The gourmet kitchen features granite countertops, a new plumbing fixture, newer sink, new microwave, new backsplash, new light fixtures, new flooring, and a pantry barn door. The kitchen opens up to the dining area and the family room. The primary suite is appointed with a trey ceiling, new light fixtures, new flooring, new shower, new plumbing fixtures, new tile above the tub, new mirrors, new ceiling paint, and his and her closets. You will enjoy the oversized laundry room. There are 3 more bedrooms and a full hall bathroom on the main floor. There is plenty of room to entertain your guests in the finished basement. The bar boasts a silver maple countertop, power, a sink, and a fridge. The open floor plan continues with a family room, bedroom, full bathroom, dining area, gym, storage room and a room that is perfect as a home office, play room, craft room or man cave. Sit and relax by the pool. Enjoy your nights by the firepit. Hurry ... as this highly sought after ranch home that sits on 1+ acres will not last long. This home is located near the Silver Comet Trail, Wellstar Paulding Medical Center, Creekside Golf & Country Club, shopping, dining, just minutes to Hwy 92 and Hwy 278.
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.
