Welcome home to this beautifully maintained 5-bedroom, 3-bath Craftsman-style residence, perfectly situated within the gated Burnt Bridge community in highly sought-after North Forsyth. Thoughtfully designed with both comfort and elegance in mind, this exceptional home offers spacious living areas, timeless finishes, and an ideal floor plan for everyday living and memorable gatherings. From the moment you arrive at the welcoming covered front porch, you'll appreciate the warmth, character, and attention to detail that make this home truly special. As you enter a dramatic 2-story entry, you'll find a dedicated office or formal living room with French doors, and a generously sized dining room, ideal for entertaining and family gatherings. The heart of the home is the well-appointed kitchen, featuring a large center island, stainless steel appliances, a gas cooktop, double ovens, a pantry, and abundant cabinet space. Open to the kitchen, the inviting great room showcases custom built-ins, a gas fireplace, and abundant natural light, creating a warm and welcoming atmosphere for everyday living. A main-level bedroom and full bath provide flexible space for guests, multigenerational living, or a private home office. On the upper level, the spacious primary suite offers tray ceilings, dual closets (one oversized and a second standard size), and a luxurious ensuite bath with double vanities, a soaking tub, separate shower, and tile flooring. Three additional generously sized bedrooms, a full bath, and an upstairs laundry room complete the second level, providing flexibility for growing families, guests, hobby rooms, or additional workspace. Outdoor living is equally inviting with a fully fenced backyard offering plenty of room for pets, play, gardening, and entertaining. The private outdoor space creates the perfect backdrop for family gatherings, summer barbecues, or peaceful evenings under the stars. Residents of Burnt Bridge at Settendown enjoy exceptional community amenities, including a Junior Olympic-size pool, a cabana with an outdoor fireplace, tennis courts, a bocce ball court, a play area for kids, sidewalks, and streetlights. A community easement provides direct walking access to Matt Community Park, offering sports fields, tennis courts, picnic pavilions, and miles of scenic trails. Conveniently located near GA-400, shopping, dining, parks, Northside Hospital Forsyth, Lake Lanier, Sawnee Mountain Preserve, and Cumming City Center, this home offers easy access to everything North Forsyth has to offer. Zoned for the highly regarded Matt Elementary, Liberty Middle, and North Forsyth High School districts. With its spacious layout, desirable community setting, exceptional amenities, and prime location, this move-in-ready home is all set to welcome its next owners.
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.
