0pen H0use SATURDAY, FEB. 7th 2pm-4pm.. Welcome to 4 Bristol Ct, an exceptional Cartersville home offering space, comfort, and an unbeatable outdoor pool oasis nestled into a newly sodded fenced backyard in a quiet cul-de-sac setting of the highly sought after Waterford Subdivision along the Etowah River. This beautifully maintained residence features over 4,000 square feet with 5 bedrooms, 3.5 bathrooms, a finished basement with a room that can be used as a bedroom as well as a full bathroom, and abundant storage throughout. Fresh updates include all new paint throughout, new door hardware and new lighting, a new pool liner in 2023, new upstairs HVAC system in 2018, new roof in 2018, new hot water heater in 2020. Inside, you’ll find bright, open living spaces with generous room sizes designed for both everyday living and entertaining. The inviting family room centers around a fireplace, while the spacious kitchen offers ample cabinet space and functionality. Laundry room on main. Formal living and dining areas provide flexibility for hosting gatherings or creating additional living zones. The primary suite offers a private retreat with a well appointed bath and excellent closet space. Secondary bedrooms are generously sized for family, guests, or home office needs. Step outside to enjoy your sports pool ideal for entertaining, play, or simply relaxing in your own private outdoor space. The finished basement adds even more versatile living space for recreation, hobbies, or multi generational living with a full bathroom. This home is located in a sought after neighborhood with great amenities and the Etowah River running through the subdivision. You are just minutes from Dellinger Park community pool and fields, Etowah Indian Mounds, Downtown Cartersville restaurants and shops, LakePoint Station and sports complex, Allatoona Lake, Tellus Science Center, and Red Top Mountain State Park. Zoned for great award winning schools, this home truly offers the perfect blend of location, updates, and lifestyle with top rated schools with amazing sports programs in the County.
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.
