Discover this charming home tucked within the highly sought-after North Paulding district, perfectly positioned on a generous ½-acre lot. Step inside to gleaming hardwood floors and a grand foyer with a wide staircase that leads to the expansive great room with soaring vaulted ceilings. The separate dining room provides an ideal space for hosting dinners or enjoying a cozy game night. The kitchen is the heart of the home, featuring stainless steel appliances, a deep drop-in farmhouse sink, double pantries for extra storage, bar seating, a coffee bar, and a bright eat-in area. With a clear view into the great room, staying connected with everyone is effortless. The great room is perfect for entertaining or relaxing with a warm drink by the gas fireplace on a winter evening. Step outside onto the back deck for a beautiful view of the private, fenced backyard, an inviting spot for grilling and outdoor fun. The backyard backs up to mature trees and greenery, offering serene seclusion with nothing but nature beyond. Down the hallway, you’ll find two generously sized secondary bedrooms and a full bathroom. The oversized primary suite is a peaceful retreat with a walk-in closet, soaking tub, double vanity, and separate stand-up shower. Head downstairs to the fully finished basement, ideal for an in-law or teen suite, multigenerational living, or even a rental income opportunity. This level includes a full bedroom, full bath, and large living area, with plenty of space to add a kitchenette if desired. The oversized 2 car garage provides ample room for vehicles, storage, and a personal workshop. Outside, follow the landscaped pebble and paver pathway to the patio, ready to be transformed into your own private oasis. The heated saltwater pool offers year round enjoyment, a true treat in any season. Homes with this much space, on a lot of this size, in this school district, under $400k are truly rare. With no HOA and convenient access to shops and restaurants, this property combines privacy, freedom, and accessibility. All this home is missing is you!
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.
