Tucked inside the highly desirable Sweetwater community near Lake Lanier, this spacious home offers exceptional privacy, everyday convenience, and a rare double lot totaling 1.43 acres. Surrounded by mature hardwoods, it provides the perfect blend of seclusion and neighborhood living. From the moment you arrive, the welcoming front porch with a charming swing and double front doors set a warm tone. Step inside to find a formal dining room on the left and a formal living room or office on the right. Continue through to the two-story family room where a wall of windows fills the space with natural light, a classic brick fireplace adds warmth, and hardwood floors flow across the main level. The kitchen features white cabinetry, granite counters, and stainless steel appliances, with open views to the breakfast area and family room so you can cook while staying connected. Host holidays in the separate dining room, and enjoy a quiet, tucked-away main-level office for work or homework. A full guest suite on the main level makes hosting friends and family effortless. Upstairs, the oversized primary suite offers a cozy sitting nook framed by a bay window, tray ceilings, and his-and-hers closets. The bright bath includes two vanities, a separate tub and shower, vaulted ceilings, and abundant natural light. Two additional bedrooms share a full bath, providing ample room for family or guests. The finished basement expands your living space with a full bedroom and bathroom, a second office, playroom, or hobby space, plus a large area ideal for a media room, man cave, or second living room. Outside, a spacious tiered deck overlooks the private wooded lot-perfect for morning coffee, grilling with friends, or enjoying crisp fall evenings. This home is ideally located just minutes from Lake Lanier, Buford Dam Park, and the Chattahoochee River trails, giving buyers easy access to boating, fishing, hiking, swimming beaches, and picnicking. The nearby Laurel Ridge Trail offers a scenic 3.8-mile hike with both lake and river views. The Sweetwater neighborhood enhances the lifestyle with tennis courts, a clubhouse, and beautifully maintained grounds-all within a great school district. With its spacious traditional layout, finished basement, multiple living spaces, and exceptional location, this warm, welcoming property is priced to sell and ready for your personal touch.
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.
