**Now offered at $895K - Rare pool home with 3-car garage in sought-after Roswell community.** Welcome to 320 Commons Gate Court in the heart of Roswell, a rare opportunity to own one of the few homes in this sought-after community featuring both a PRIVATE HEATED IN-GROUND POOL AND A THREE-CAR-GARAGE. Situated on a quiet cul-de-sac along a picturesque tree-lined street, this home is located in the desirable Lakeside at Hamilton Commons community, known for its estate-sized lots and amenities including an Olympic-sized pool and multiple lighted tennis courts. Just minutes from Historic Downtown Roswell, Chattahoochee River parks, top-rated schools, and GA-400, the location offers both convenience and lifestyle. Set on nearly half an acre, the property showcases a beautifully landscaped yard and an outdoor setting designed for relaxation and entertaining. The backyard features a heated pool and spa, expansive deck with gazebo and seating area, fire pit, koi pond, and mature trees providing privacy and a peaceful setting. Inside, the home offers generous living space and a functional layout with soaring ceilings and floor-to-ceiling windows that bring in natural light throughout the main level. Hardwood floors run across the main floor, with formal living and dining spaces featuring large bay windows. The family room includes built-in shelving and a fireplace and opens to the kitchen with an island and gas range, creating a central gathering space. Upstairs, a loft area provides flexible space for a home office, reading nook, or study area. The owner's suite includes tray ceilings, a sitting area with fireplace, two walk-in closets, and a spacious bathroom with soaking tub and separate shower. The finished daylight basement offers additional living space with a fireplace, full bathroom, and multiple rooms suitable for a media room, gym, or guest space and plenty of room for customization. This home offers a unique chance to personalize a property with exceptional features, space, and location. With renovated homes in the community often exceeding $1M+, this is an opportunity to create value while enjoying one of Roswell's most desirable neighborhoods.
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.
