Positioned in one of Oakwood’s most connected locations in Hall County near Gainesville, this move-in ready townhome offers a lifestyle centered around ease, access, and everyday enjoyment. Just moments from I-985, commuting to Gainesville, Flowery Branch, or into Metro Atlanta is seamless, making daily life feel efficient without sacrificing comfort. The home is also ideally situated near the continued growth and expansion of the Mundy Mill area, bringing new shopping, dining, and everyday conveniences even closer to home. Surrounded by nearby parks and scenic trails, the setting invites you outdoors at every turn. Enjoy easy access to Balus Creek Park along Lake Lanier for lakeside walks and kayaking, or explore the wooded trails of Chicopee Woods Nature Preserve, a local favorite for hiking and quiet escapes. The expanding Highlands to Islands Trail offers a connected path system ideal for walking, running, and biking, while Longwood Park provides green space and lake views just minutes away. Weekends naturally extend to the water with close proximity to Lake Lanier and the resort-style amenities of Lake Lanier Islands, where boating, waterfront dining, golf, and seasonal attractions create a true destination experience. Designed for both comfort and functionality, this 3-story townhome features a finished ground-level bedroom suite with a full bathroom, ideal for guests, a private home office, or flexible living. The main level offers an open concept floor plan with a spacious great room flowing into the dining area and a well-appointed kitchen complete with granite countertops, large cabinetry, a breakfast bar, and direct access to a private deck, creating an easy transition between indoor and outdoor living. A conveniently located powder room completes the main floor. Inside the community, low-maintenance living allows for more freedom and less upkeep, enhanced by a built-in Pestban system for added peace of mind. Thoughtfully equipped with two water heaters and dual HVAC systems, the home offers enhanced comfort, efficiency, and functionality across levels. It’s an ideal balance for those seeking simplicity without compromise, whether as a primary residence, first-time homebuyers, investment, or transition into something more streamlined. With immediate availability, flexibility not always found in nearby new construction opportunities, and Seller paid closing costs of $2,500 with an acceptable offer, making your move feel that much easier.
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.
