STUNNING END UNIT! This very well-maintained 3-bedroom, 3.5-bath property, built in 2019, is move-in ready so you can enjoy the comfort of living in Powder Springs, Cobb County and all the amenities they offer: access to the Silver Comet Trail (playground and skateboard park), walking distance to downtown Powder Springs to enjoy outdoor concerts, festivals, water splash, dog park (coming soon), retail, restaurants and more!. Experience refined modern living in this exceptional low maintenance end-unit townhome, ideally positioned within a well-established community. The contemporary design offers everyday functionality and convenient lifestyle. The main level is an open concept with ample living space filled with plenty of options that fit your lifestyle and needs. The contemporary kitchen anchors the home, featuring plenty of white cabinets, modern granite countertops, an oversized center island, recessed lights and walk-in pantry. Flex space can be used as a dinette, office or any purpose that may fit your needs. The private balcony faces only greenery (no other units) giving you even more privacy and tranquility. Upper floor offers two primary oversized suites (separated by the laundry closet). One includes a separate garden tub/shower and the other offers an oversized shower. Both include dual vanities and plenty of cabinets perfect for the extra storage space you may need. Both rooms include tray ceilings and spacious walk-in closets. The fully finished lower level (above ground basement) expands the living experience with a private bedroom and full bath offering plenty of privacy for family and guests. As an end unit, this home enjoys enhanced privacy and abundant natural light, creating a bright and airy ambiance throughout. Two HVAC units and two water heaters allow for additional cost-savings. This community is perfectly located near supermarkets, pharmacy, additional retail within minutes to Hiram, Marietta, Dallas and other surrounding cities for your everyday conveniences and commuting. This is your wonderful opportunity to enjoy a low-maintanance lifestyle in an excellent location.
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.
