Rare Opportunity: Assumable VA Loan at 2.75% – Move-In Ready Townhome Near Downtown Hapeville Located in the Virginia Park community in the City of Hapeville, this modern three-story townhome offers a rare combination of walkability, smart design, and thoughtful upgrades in one of the area’s most desirable communities. Built in 2021 and move-in ready, the home provides the space, finishes, and convenience today’s buyers are looking for without the wait of new construction. Set along a quiet, sidewalk-lined street with easy access to Downtown Hapeville’s Arts District, restaurants, and local cafés, the home delivers a low-maintenance lifestyle while still offering generous living space and flexible design. The entry level features a private bedroom with en-suite bath, ideal for guests, a home office, or flexible living. The main living level is bright and inviting, designed for connection and comfort with custom built-ins, surround sound, and an open layout that flows seamlessly from living to dining to kitchen. The kitchen anchors the space with stainless steel appliances, a farmhouse sink, soft-close cabinetry, walk-in pantry, built-in buffet, and a large island that naturally becomes the gathering spot. Two separate balconies extend the living space outdoors, creating perfect moments for morning coffee, casual dinners, or unwinding at the end of the day. Thoughtful finishes—including warm luxury vinyl plank flooring, custom lighting, and architectural details—add personality throughout. Upstairs, the primary suite is spacious and serene, featuring a walk-in closet and a well-appointed bath with dual vanity, generous storage, and a walk-in tiled shower with dual shower heads and custom glass enclosure. A secondary upstairs bedroom includes its own private bath, and the laundry room is conveniently located on the same level. Additional features include a tankless water heater, ADT security system, Ring camera, custom blinds, and a two-car garage with myQ smart opener and extra storage. Residents also enjoy guest parking and a community fire pit. The assumable VA loan at just 2.75% offers a significant payment advantage compared to today’s interest rates—an opportunity rarely available in the current market. The location completes the package—just minutes from Downtown Hapeville’s Arts District, the Porsche Experience Center, Hartsfield-Jackson Airport, and Downtown Atlanta. Move-in ready, thoughtfully upgraded, and ideally located, this home presents a standout opportunity in one of Hapeville’s most sought-after 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.
