Welcome to 4 Timberland Trace Court, a spacious Craftsman-style home located in Forrest Hills, a sought-after swim/tennis community in Dallas, GA. This move-in-ready 5-bedroom, 2.5-bath home features a neutral, clean aesthetic with fresh interior paint and a flexible floorplan designed for today’s lifestyle. From the welcoming rocking chair front porch, step into the dramatic two-story foyer, which flows seamlessly into the home’s open-concept living space. Here, the oversized eat-in kitchen and family room come together—ideal for everyday living and entertaining. The family room is anchored by a cozy wood-burning fireplace, while the kitchen features stained cabinetry, granite countertops, a walk-in pantry, stainless steel appliances, and ample space to add an island, if desired. Just off the foyer, a room with French doors offers exceptional versatility and can serve as a formal dining room, home office, or flex space. A half bath and convenient main-level laundry room complete the main floor. All five bedrooms are located upstairs and feature brand-new carpet, while vaulted ceilings in every bedroom enhance the home’s open, airy feel. The oversized primary suite offers a private retreat with a spa-inspired bath featuring a double vanity, soaking tub, and separate shower. The full, unfinished daylight basement includes both interior and exterior walk-out access, providing excellent potential to expand living space or create custom storage, recreation, or workshop areas. Outside, enjoy a private, fenced backyard with stairs leading up to the oversized deck—perfect for relaxing or entertaining. Situated in a sidewalk-lined community with swim, tennis, playground, and streetlights, this move-in-ready home offers space, flexibility, and lifestyle amenities in one exceptional package.
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.
