If you are interested in a small working farm (zoned agricultural) with organic gardening for your health, a potential future business, & a place that has amazing energy of nature & spirit, READ ON! House was upgraded in 2018 including: new D-Log exterior; chimney stonework; windows/doors; hardwood flooring; kitchen cabinets, appliances, granite countertop; fireplace insert (heats the house); all new house water plumbing; "on-demand" water heater; all bathrooms replaced including steam shower; new furnace with all new HVAC, including ducting;. a DS13000 MX emergency generator connected to the 1000 and a 550 gallon propane tanks supplying the house. Unfinished basement. The farm is isolated with nearly 20 acres of forest & open fields for farming. Very private, located off a county maintained road. A spring which flows year-round. Per seller, the farm has never had artificial fertilizer used. The farm includes laying chickens & approx. 600 perennial strawberries. All growing areas have 8-foot-high deer fencing. The large barn has a 3-car garage; a large finished workshop; a half bath; water plumbing & 3 animal stalls. It also has a large finished second floor room with a dedicated HVAC installed in 2023 with two 250-gallon propane tanks. The listed price includes A LOT of farm equipment, which includes a 80hp John Deere tractor, a JD 35G Excavator & a Sawmill (ask REALTOR for complete list). The property has 10 acres area dedicated to personal RV usage or a future STR. It has a separate entrance driveway; septic, power, a well; hot tub, fire pit, & 35 foot Endeavor Diesel motor home as the accommodation. Great location, approx. 1 mile to boat ramp on Lake Nottely. Approx. 15 mins back to Beautiful Blairsville!! Union County offers many choices of restaurants, golf courses, hiking trails and is home to the popular Appalachian Trail and Georgia's tallest mountain- Brasstown Bald.
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.
