Welcome to 320 Commons Gate Court in the heart of Roswell, a truly rare opportunity to own one of the few homes in this coveted community offering both a PRIVATE HEATED IN-GROUND POOL AND A THREE-CAR-GARAGE. Nestled on a private cul-de-sac right off a picturesque tree lined street, this home is tucked away in desirable Lakeside at Hamilton Commons community which boasts estate-sized lots and amenities including an Olympic-sized pool and multiple lighted tennis courts. Minutes from Historic Downtown Roswell, The Chattahoochee River parks, top-rated schools and easy access to GA-400 for a convenient commute. This incredible residence is sitting on close to 1/2 of an acre of professionally landscaped yard which delivers the lifestyle today's luxury buyers are searching for, refined interiors, resort-style outdoor living and a location that simply cannot be replicated. From the moment you step inside, soaring ceilings and floor-to-ceiling windows create an unforgettable first impression. Natural light pours into the main living spaces, highlighting the hardwood floors that run through the entire main level. The formal dining and living areas feature large bay windows that add to the architectural charm, elevate the home's open, airy feel and offer a perfect setting for gatherings. The family room is both grand and inviting, featuring custom built-in shelving and one of the 3 FIREPLACES in this home, two of which are double sided creating striking focal points and seamless flow between living spaces. The open-concept design connects effortlessly to the kitchen with a combination microwave/wall oven, island with a gas range serving as the heart of the home. This layout was designed for entertainment, conversation and everyday luxury. Upstairs, a loft area provides the perfect flex space for a reading nook, study area, or private home office. The owner's suite is a true retreat, complete with tray ceilings, a spacious sitting area and its own fireplace! Two walk-in closets provide generous storage, while the spa inspired bathroom features a large soaking tub and an expansive shower designed for relaxation. The finished basement level expands the home's versatility even further. With walk-out access to the side yard, a fireplace, full bathroom, and multiple bonus rooms, it is ideal for a media room, fitness space, or guest suite. One room has been prepared as a blank slate with flooring removed, offering the next owner the opportunity to customize finishes to their personal style. Step outside and experience a backyard designed to be a private oasis. The heated in-ground pool and spa anchor the space, complemented with a wet room with slate flooring and an adjacent bathroom conveniently located just off the pool area. An expansive deck features a gazebo with outdoor seating and a grill, creating the perfect setting for summer evenings and effortless entertaining. A tranquil koi pond adds a unique and peaceful touch, while a dedicated fire pit area invites gatherings under the sun. Professional landscaping, mature trees, and fencing for privacy complete the ambiance of this exceptional outdoor space. Even the garage has been elevated with redone speckled flooring, offering a polished and clean finish to this functional and flexible space. 320 Commons Gate Court is more than a home. It is a private retreat, an entertainer's dream, and a rare lifestyle opportunity in one of Metro Atlanta's most desirable communities.
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.
