Magnificent Custom Built Craftsman Style Home In the Award Winning North Gwinnett School District Just Steps Away From The Suwanee Town Center. This 6 Bedroom 4.5 Bath Home Is Nestled On A Private Lot One Block From The Town Center And Across The Street From George Pierce Park. Special Features Of The Home Include Bedroom And Full Bath On Main Level And A True In-Law Suite On The Terrace Level The Two Story Foyer Flanked By A Front Office And Formal Dining Room Welcomes You Back To The Large Family Room, Breakfast Area And Gourmet Kitchen With Beautiful Granite Counters And Stainless Steel Appliances. Upstairs Features An Oversized Primary Suite With Luxurious Bath That Includes A Huge Whirlpool Tub, Separate Shower, Double Vanities, And Walk-In Closet. Two Additional Secondary Bedrooms, Full Bath And A Large Bonus Room Complete The Upper Level. The Amazing Finished Terrace Level Features A In- Law Suite With Two Bedrooms, 1.5 Bath, A Large Family Room Open To A Breakfast Area, And A Room That Is Ready To Reinstall The Kitchenette That Was There When The Owners Purchased The Home. This Huge In -Law Suite Features A Private Entrance That Opens Onto A Covered Patio With A Lovely View Of The Fenced Backyard. The Nearly New Screen Porch And Spacious Deck Offer The Perfect Place To Relax And Entertain Family And Friends. Extra Features Of This Home Include Solid Hardwood Floors Throughout Main And Upper Levels, NEW LVP Throughout The Terrace Level In 2024. NEW HVAC's On Main Level And Upstairs ( 2021 & 2022), Brand NEW Water Heater In 2025, And NEW Outdoor Storage Shed. An Extra Bonus You Will Not Find In Any Other Home Is A Huge 4' x 15' Safe Room For Protection From Tornados. No HOA! This Is A Rare Opportunity To Buy In A Neighborhood That Is Rapidly Transitioning To Million Dollar Homes!!! UNBEATABLE LOCATION! Walking Distance To Suwanee Creek Greenway Trail, George Pierce Park, Town Center On Main At DeLay Nature Park, and Suwanee Town Center Which Hosts Year Round Festivals, Concerts, And Community Events.
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.
