Introducing 3551 Southern Bay Court, a stunning, renovated Estate tucked away on a premium cul-de-sac lot. Set inside one of Gwinnett's most desirable communities, this grand residence balances classical design with modern elegance. Meticulously updated and maintained, this turnkey residence offers exceptional comfort, sophisticated design, and a layout ideal for multi-generational living and effortless entertaining. Every inch reflects thoughtful craftsmanship and showcases extensive upgrades and modern finishes throughout. The completely renovated chef's kitchen, the heart of the home!—Boasts a butcher's block Island, quartz countertops, soft-close cabinetry, designer lighting, -creating the perfect space for family dinner and entertaining.Throughout the home, updated lighting, refreshed paint, and modern flooring enhance the sense of style and cohesion.. Completely finished Basement is an impressive entertainment retreat. This fully functional level includes a Large bonus room with closet, dedicated home gym, beautifully renovated bathroom w/custom floating vanity and upgraded flooring. Custom built-ins such as a wet bar w/microwave, wine cooler, and additional floating bar with seating, and a cozy family area making it ideal for hosting guests, game nights, or extended family living. Upstairs, the home continues to impress. Walk into your Gorgeous Great Room with Oversized Bay Windows overlooking your Sprawling, Year-round green backyard! Retire to The luxurious owner’s suite bathroom, just renovated , features new LVT flooring, countertops, premium fixtures, walk-in shower w/rainwater shower-head and a brand-new standalone soaking tub. The secondary bathroom is just as breathtaking. — Outdoor oasis offers Multiple areas creating the ultimate setting for hosting guests and quiet nights. Expansive half-acre property Intentionally designed with professional grading, lush fescue lawn, and backyard lighting that illuminate the property at sunset. Smart home technology within the residence provides effortless control of lighting, climate, and key features right at your fingertips. This exceptional Camaron Springs Estate offers a combination of elegant renovations, expansive entertainment spaces, and elevated design for modern living. Additional thoughtful upgrades throughout the property include: * Smart home features i.e. Nest thermostat, smart lighting and remote access. * New garage door, and epoxy-finished garage floor * closets with custom shelving in most bedrooms * LVP flooring * Updated laundry room with new flooring, cabinetry refresh, and built-in organization and closets. * Fresh paint throughout the home. * Concrete backyard stairs and improved drainage system * All Major Systems proactively maintained, regular roof inspections and landscape enhancements - ensuring long-term reliability and peace of mind.
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.
