An elegant blend of timeless design and modern comfort, this beautifully maintained five-bedroom, three-bath residence offers exceptional space, light, and functionality throughout. The striking exterior showcases classic brick accents, creating immediate curb appeal and a welcoming presence. Inside, a dramatic two-story foyer sets the tone, opening to refined formal living and dining spaces. The formal dining room is highlighted by a coffered ceiling, while the formal living room offers flexibility to serve as an additional bedroom, private office, or sitting room. Rich wood cabinetry anchors the thoughtfully designed kitchen, complete with stainless steel appliances, a gas range, stone countertops, and a generous center island. The oversized family room is filled with natural light and centered around a cozy fireplace, creating an inviting gathering space. The main level also features a private guest suite with a full bath, ideal for visitors or multigenerational living. Upstairs, the expansive owner's retreat is a true sanctuary, featuring vaulted ceilings, a spa-inspired bath with dual vanities, separate soaking tub and shower, and a large walk-in closet with abundant storage. High ceilings extend throughout all bedrooms, enhancing the home's open and airy feel. All windows are outfitted with blinds, and the home has been impeccably maintained in excellent, like-new condition. Built in 2017, this residence offers modern construction with enduring style. Outdoors, a large backyard and covered rear porch provide the perfect setting for entertaining, relaxing, or enjoying year-round outdoor living. Set within The Village at Bay Creek, a thoughtfully planned Loganville enclave, residents enjoy a peaceful residential setting complemented by proximity to shopping, dining, and commuter routes-balancing everyday ease with neighborhood charm.
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.
