Hard to find ranch home with a full, finished basement on oversized lot in the sought-after Seckinger High School district! The main level of this beautifully maintained home features an elegantly renovated eat-in kitchen with granite countertops, stainless steel appliances, custom cabinetry with under cabinet lighting and french doors leading to a huge screened in porch. Also on the main level is the primary bedroom with tray ceiling and bay window, dual walk-in closets and a remodeled primary bath with custom cabinetry and double vanities. Other features of the main level include a light filled foyer, hardwood floors, formal dining room, living room with fireplace and tray ceiling, two bedrooms, and an upgraded secondary/hall bathroom. The upper level offers a large bonus room that currently functions as an office, but could serve as the fourth bedroom, playroom, or flex space. The full finished basement provides exceptional versatility with a bedroom, full bath, large game room, potential gym area, wood-working shop, and multiple storage rooms. The park-like, private backyard features mature landscaping with fieldstone walls, a spacious, flat zoysia lawn area, flagstone accents, a fire pit area, and a large outbuilding/storage shed with electricity. The spacious screened in porch includes a grilling deck and steps to a private “doggie park” to keep pet clean-up easy. Overlooking the lush backyard, the porch and deck create the perfect spot to relax or entertain! Additional exterior features include brick and cement siding accented by attractive stone accents, expanded driveway, and side-entry two-car garage. Major system updates include HVAC (2024), water heater (2026), and gutters (2020), providing peace of mind for years to come. The wonderful home is tucked away in a peaceful setting yet conveniently located just minutes from great schools, Buford Community Park, shopping and easy access to I-85 and I-985. This unique, well-appointed and well-loved home is waiting for someone new to call it home!
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.
