***SELLER OFFERING $10,000 TOWARDS CLOSING COSTS*** Located in the sought-after Carter Grove community, this like-new 2022 home offers an exceptional blend of convenience, modern design, and outdoor living. Conveniently located within the highly sought-after Cartersville City School District, the home is approximately 0.6 miles from Cartersville Primary School, 2.7 miles from Cartersville Middle School, and 5.7 miles from Cartersville High School. Inside, you'll find hardwood floors, stainless steel appliances, and an open-concept floor plan designed for both everyday living and entertaining. The unfinished basement features soaring ceilings and is stubbed for a future bathroom, offering exceptional flexibility for additional living space, recreation, storage, or hobbies. Situated on a cul-de-sac, the adjacent lot is owned by the HOA, helping preserve the home's peaceful setting, wooded backdrop, seasonal views of Red Top Mountain, and added sense of privacy. Step outside and enjoy a thoughtfully cultivated garden featuring peaches, raspberries, pears, grapes, blueberries, strawberries, asparagus, rosemary, lemon balm, persimmon, tomatoes, cilantro, dill, oregano, and basil. Double rear decks provide the perfect place to relax, entertain, or take in the natural surroundings. Adding even more value, the current homeowners have already completed many of the projects and improvements often associated with newer construction, allowing the next owner to enjoy a home that has been thoughtfully maintained and enhanced. Residents of Carter Grove enjoy access to community amenities including swimming pools, tennis courts, pickleball courts, and playgrounds. Golf enthusiasts will appreciate the home's proximity to Woodland Hills Golf Club, one of the area's established public golf courses. LakePoint Sports Complex is approximately 6.2 miles away, and the neighborhood entrance is near the Etowah River, providing convenient access to a variety of outdoor recreational opportunities throughout the area. This is a rare opportunity to enjoy the benefits of newer construction, established outdoor living spaces, exceptional community amenities, and a location that offers both convenience and recreation.
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.
