Welcome Home to this Brick-Front Beauty nestled on a Quiet Cul-de-Sac in the sought-after Loganville area within the Archer High School District! Ideally located near Hwy 78, Hwy 81, and GA-20, this home offers convenience to shopping, dining, parks, and more. Step inside to a Two-Story Foyer filled with Natural Light and Hardwood Floors. The front Living Room is perfect for a Quiet Sitting Area or Home Office, flowing seamlessly into the elegant Formal Dining Room with Coffered Ceilings and Wainscoting Details the perfect space for family gatherings and entertaining. At the heart of the home, the Open Kitchen features Granite Countertops, a Large Center Island, Stained Cabinets, Stainless Steel Appliances, and a bright Breakfast Nook surrounded by windows. The kitchen overlooks the inviting Fireside Family Room, complete with a Stone Fireplace a cozy spot for movie nights or relaxing evenings. From here, a door opens to your Screened-In Porch, offering effortless Indoor-Outdoor Living and a view of your Private Backyard. Upstairs, retreat to the Massive Primary Suite with Vaulted Ceilings and plenty of space for a Sitting Area. The Spa-Like Bathroom includes a Double Vanity with Stone Countertops, a Soaking Tub, Separate Glass Shower, and a Large Walk-In Closet. Three additional Spacious Bedrooms share a Full Hall Bathroom, ideal for guests or a growing family. Step outside to your Fully Fenced Backyard Oasis, featuring a Lush Grassy Lawn, a Firepit for Evenings Under the Stars, and a Storage Shed for extra convenience. The Screened Porch provides the perfect spot for morning coffee or weekend grilling. A Two-Car Garage completes this stunning home. Just minutes from Bay Creek Park, the Greenway, and Downtown Loganville, this home offers the perfect blend of comfort, style, and location.
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.
