This home qualifies for the PATH Loan 100% Financing $0 Down Payment and NO PMI. Step into your dream home just in time for the holidays! This beautiful sun-drenched two story home, with four bedrooms and three full bathrooms is located in a vibrant swim and tennis community with low HOA dues of just $600/year. Nestled in a cozy cul-de-sac, this home offers the perfect blend of comfort and charm. Imagine creating cherished memories this festive season. Upon entering, you’ll be greeted by bright and airy spaces, including a separate living room and dining room that are perfect for family gatherings and entertaining. The heart of the home is the inviting light filled eat-in kitchen, that features stainless steal appliances, ample cabinet space, and a bar-height counter that opens to a sun-drenched breakfast nook, perfect for family meals and easy mornings. The kitchen flows into an elegant two-story family room with vaulted ceilings, a wall full of oversized windows, a warm brick masonry fireplace—ideal for snuggling up during chilly evenings, and custom crafted, built-in shelves ready for your special decor. You will appreciate real hardwood floors with a natural finish that flow throughout the main level, and enjoy freshly cleaned plush carpeting on the upper level. The luxurious primary suite is located on the main level, offering convenience and privacy. You will love the customized walk-in closet system for its efficiency. Enjoy the comforts of a spa-like ensuite bathroom featuring a jetted soaking tub, dual-head walk-in shower with built-in bench, and dual vanities. Upstairs, features a full hallway bathroom, conveniently located steps away from each of the three bedrooms. The middle upstairs bedroom is wonderfully spacious and can be adapted to your family’s needs, whether as a guest space, office or a playroom. Take advantage of this home's generous outdoor spaces. Enjoy your morning cup of coffee or lazy relaxing afternoons on the inviting front porch in your rocking chair. Create outdoor entertaining on the expansive double deck that overlooks a large, level backyard—perfect for kids to play and create lasting memories jumping on the trampoline and running about. The wooden fence provides security and safety for little ones and pets. Plus, the handy storage shed adds extra convenience. This beautiful backyard even includes scenic views of Lake Greystone through the trees—particularly magical during fall and winter sunsets. Additional features include: crown molding throughout, built-in shelving and bookcases in family room, full bathroom in main level hallway, spacious laundry room with room for hanging clothing and plenty of built in cabinets, roomy two car garage with cabinets for extra storage. As a bonus, this home includes a comprehensive home warranty covering all systems and appliances for added peace of mind. ALSO, there is a 3.75% assumable mortgage. This lovely home is more than just a property; it’s the beginnings of a wonderful life together. Embrace the warmth of the season and make it yours today! This home qualifies for PATH Loan 100% Financing $0 Down Payment and NO PMI. For details regarding this awesome program, contact Eric Dunlap with United Community Mortgage at (404) 403-7209.
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.
