Home with a basement located at Sun City Peachtree community in Griffin! This brick and stone home offers one level living with 3 bedrooms on the main plus a full finished basement. You are welcomed inside by an open foyer that has an office which could serve as a flex space on one side and a large dining room that seats 10+ on the other side. The butler's service area between the dining room and kitchen make this home ideal for entertaining your neighbors, family, and friends for all the holidays. The spacious kitchen is fully functional with granite countertops, a double oven, cooktop, island, and plenty of countertop space. The kitchen has an open view into the large living room and informal dining area. The view continues straight through to the sunroom. The natural light in this home is fabulous! Don't forget to check out the deck on the main level that has a gas line plumbed for your grill. The oversized master bedroom has a wall of windows that overlook the backyard and green space. The attached master bath has a separate tub and shower, double vanity, and large walk-in closet. On the opposite side of the home on the main level, you'll find the laundry room. Notice all the closet space throughout the home to store your belongings! The two additional bedrooms on the main level each have their own full bathrooms and closets. Both upstairs and downstairs is wired with a sound system for those times when you entertain guests. In the finished basement, you will find two spacious bedrooms, an office, a full bath, a secondary kitchenette with sink & mini fridge, a pool table in the game room area, and a large family room. Be sure to wander into the unfinished basement area that provides you with more storage and is heated and air conditioned! This terrace level walks out onto the wonderful stone patio and a grass area overlooking the green space. Crown molding, paneled columns, a fireplace--the extras are too many to list. There's over 5,000 square feet of living space in this home and it's located a short golf cart ride to the golf course's clubhouse. The community offers 55+ living with a pool, library, pickle ball courts, tennis courts, basketball courts, a golf course and clubhouse plus plenty of planned activities to keep you busy. It's Del Webb living at its best! Call today to schedule an appointment to see it now!
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.
