More photos of this exceptional property will be added soon. Stunning property featuring exceptional space, high-end finishes, and endless possibilities, located in the highly sought after city of Sugar Hill, within one of Georgia’s top-rated school districts. Situated on approximately 1.5 acres, this unique property combines luxury, comfort, and versatility in a private and exclusive setting. The main residence offers 4 spacious bedrooms and 3 full bathrooms, an elegant gourmet kitchen with granite countertops, beautifully designed bathrooms with ceramic tile and granite finishes, and gorgeous hardwood and ceramic flooring that add warmth and sophistication throughout the home. In addition, the property features a large deck that wraps around much of the house, creating the perfect space for entertaining, family gatherings, or simply relaxing outdoors. The elegant front fencing, often found only in luxury communities, provides privacy, security, and outstanding curb appeal from the moment you arrive. In addition to the main home, the property includes a completely separate guest house featuring 2 bedrooms and 1 full bathroom, bringing the total to 6 bedrooms and 4 full bathrooms between both structures. This detached residence has its own septic system and laundry area, making it an excellent option as a guest house, in-law suite, private office, or incomen producing rental property. The lower level of the guest house is currently being used for the owner's business but offers endless possibilities. It can easily be transformed into a game room, entertainment area, fitness room, workshop, private studio, or converted back into a garage to fit the new owner's needs. The true centerpiece of this property is the spectacular saltwater pool featuring an integrated spa/jacuzzi, pool heater, wireless controls, air blower system, self cleaning technology, and premium concrete construction. This extraordinary outdoor retreat creates the perfect environment for family enjoyment, entertaining guests, and making unforgettable memories. Properties offering this combination of luxury, space, acreage, privacy, and income-producing potential are rare to find. Don't miss the opportunity to experience everything this remarkable property has to offer and enjoy an exceptional lifestyle in one of Georgia's most desirable cities.
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.
