5+ Bed, 3.2 Bath, over 5000 sq ft 4-Sided Brick Executive Home with Saltwater Pool and Backyard Oasis! High quality custom finishes throughout with vaults and trays, deep crown molding, built-ins, arches and architectural windows, transom windows, wainscoting, and two stacked stone fireplaces. Gourmet kitchen has keeping room, Kitchen-aid appliance suite, island with bar seating, and separate breakfast area overlooking the pool and wooded backyard. Owner's Suite has sitting room, two walk-in closets, separate granite vanities, soaking tub, and oversized tile shower. Home comes with a central vacuum system. Pool has waterfalls, slide, led lighting, wi-fi controls, and is heated! Patio also features outdoor fireplace and expansive hardscaping and is perfect for year-round enjoyment and entertaining around the gazebo! Terrace level has full second kitchen, game room, brick patio, bed and bath, classroom / bonus space, utility room with half bath, and tons of storage. Large private lot in gated Habersham Shoals community. Certification of Roof Maintenance & Preservation from Roof Savers of Atlanta. Warranted for 17 years Bonus: River access, community beach and pavilion, RV/Boat Storage within the development and located only minutes from Downtown Clarkesville! Soque River access, wake up to mother nature running through property (Deer). also Lake Burton within 30 minutes. Very well-maintained landscaping! Listing Agent is related to Seller.
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.
