Welcome to 3164 Clearbrooke Way, a rare opportunity in the sought-after Riverbrooke community; where friendly sidewalks, top Gwinnett schools, and resort style amenities create a lifestyle families love. Priced aggressively at $455,000, this 4 bed, 2.5 bath home gives buyers something increasingly hard to find in Duluth: a solidly maintained home with updated major systems; ready to personalize with your own vision. Step inside and feel the potential immediately. Natural light pours through brand-new back windows, opening up views of the private backyard and filling the home with warmth. The freshly neutralized walls offer a clean canvas, giving you the freedom to design the aesthetic that fits your life, from modern farmhouse to classic southern charm. The heart of the home its spacious kitchen remains in original condition, perfect for buyers who want the chance to reimagine a space instead of paying for updates they didn’t choose. Imagine renovating it into the bright, functional gathering spot you’ve bookmarked on Pinterest…all while knowing the essentials have already been handled for you. This home has meaningful upgrades already completed, including: New HVAC system, New water heater, New garage door, New toilet and New windows along the back of the home. These improvements give you peace of mind where it matters most: comfort, safety, and long-term efficiency, so you can invest your resources in the cosmetic touches that transform a house into your home. Upstairs, four generously sized bedrooms create space for everyone, ideal for growing families, work from home professionals, or those craving a guest suite or hobby room. The primary bedroom offers large windows, treetop views, and an ensuite bath ready to evolve into a spa retreat. Outside, the backyard feels peaceful and private, with room to entertain, garden, or simply enjoy quiet evenings under the Georgia sky. Living in Riverbrooke is a lifestyle upgrade in itself. Enjoy access to swimming, tennis, playgrounds, a clubhouse, and walking trails, all within minutes of shopping, top rated schools, and dining in both Suwanee and Duluth. Homes at this price point in this location are increasingly rare, especially those offering the chance to add equity instantly with smart cosmetic updates. Sold As Is, this home is ideal for buyers looking for value in a swim/tennis neighborhood close to top Gwinnett schools, parks, shopping, and dining.
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.
