This beautifully designed two-story home features a striking brick front with elegant stone accents, offering both curb appeal and timeless style. Step inside to a grand two-story foyer that sets the tone for the spacious layout, adjoined by a formal dining room and a versatile living room that can also serve as a home office. The main living area boasts an open-concept design, with a welcoming family room that flows seamlessly into the heart of the home-the kitchen. Here, you'll find brand-new stainless steel appliances, including a gas stove and microwave, complemented by granite countertops and a generously sized pantry for ample storage. Conveniently located on the main floor is a guest bedroom and a full bathroom, ideal for visitors or multi-generational living. Upstairs, the one-of-a-kind primary suite offers a private retreat, complete with its own sitting area and a cozy gas fireplace. The luxurious en-suite bathroom features beautiful tile flooring, a separate shower, and a relaxing garden tub, along with expansive closet space. The upper level also includes three additional well-sized bedrooms, each with great closet space, and another full bathroom to accommodate them. For added convenience, the laundry room is located upstairs, making everyday living even more efficient. Step outside to enjoy a nice, level backyard-perfect for outdoor entertaining, gatherings, or simply relaxing in your own private space. Ideally situated, this home is approximately 25-35 minutes from Hartsfield-Jackson Atlanta International Airport and offers convenient access to Interstate 85, making commuting and travel a breeze. This home perfectly blends comfort, functionality, and location-ready to meet all your needs.
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.
