Over 2850 sf RANCH with 4BR and 3BA at this marvelous price! You must see the beautiful views surrounding the home through the windows and elevated back deck! This unique and sought-after master on the main ranch over basement is the epitome of comfort, functionality, and timeless design. Tucked away in a quiet community with over 3.2 acres, this treasure sparkles with features that will leave you breathless. Upon entering, be greeted by the foyer leading to the separate dining room and then to open concept living area. The updated kitchen is a chef's paradise, complete with modern appliances and ample counter space for all your culinary creations. The main floor offers master-on-the-main ensuite, formal dining, breakfast area, covered open front rocking chair porch and elevated private back deck, laundry room, and upgraded LVP flooring. The master suite is a true oasis, featuring a spa-like environment and his/her walk-in closets that will make your morning day preparation effortless. The two additional spacious bedrooms are inviting with one has a full bath and the other is stubbed for a third main level full bath. The terrace level has an enormous flex room / fourth bedroom with an additional full bath. Need some extra space for work or hobbies? The basement is ideal for an office, workshop, or craft room, additionally it provides a quiet sanctuary away from the daily hustle and bustle. Also, a large unfinished storage room which could be easily converted into main cave/she shed/game room/office(s)/fifth bedroom/ kitchenette! There is also a large boat door into a garage that could become a marvelous workshop. Imagine waking up to the gentle sound of bird song or gentle breezes through the hard woods through your backyard. The private lot also features cleared space, mixed trees, creek, deck, and more... Spend lazy afternoons lounging on the deck or covered porch, enjoying a book, sipping a cocktail, or simply taking in the tranquility of your surroundings. The front porch invites you to sip your morning coffee while basking in the serenity of your new rural sanctuary. Do not miss the opportunity to make this house your forever home. This property truly has incredible amenities, potential, and a touch of nature's beauty. Your northwest Georgia suburban dream awaits!
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.
