Pull up, park, and peruse this move-in ready ranch home tucked perfectly in a quiet cul-de-sac in the Lakeside @ Eagles Landing community of McDonough…and yes, it’s just as good as it looks! This 2000 stucco beauty is giving space, light, and comfort from the moment you step inside. Natural light pours in from every angle, highlighting the hardwood floors throughout the main living areas and the cozy carpeted bedrooms. The open-concept living room flows right into the dining area, all tied together by soaring cathedral ceilings that make the space feel even grander. Now let’s talk kitchen—because you know that’s where everyone ends up. With stainless steel appliances, ample counter space, and an eat-in area, it’s perfectly positioned with views and access to the private backyard, complete with a pergola that’s just waiting for your next cookout or quiet evening. The roommate-style floor plan is a win, with the primary suite tucked away on its own side of the home for maximum privacy. And oh, it delivers—direct access to the backyard, a spacious en suite bath with dual sinks, a soaking tub, separate shower, and an oversized walk-in closet that won’t have you fighting for space. Upstairs, the loft bedroom is a whole vibe—spacious, private, and featuring its own beautifully remodeled en suite bathroom. Back on the main level, two additional bedrooms share a well-appointed hallway bath, rounding out a layout that just makes sense. And let’s not forget the neighborhood—sidewalk-lined streets perfect for evening strolls with your four-legged family members and a community that feels just right. Go ahead…take a look before someone else beats you to it.
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.
