Take advantage of the Seller's Concessions. Lake Zachary is in the highly sought after Northgate School system. Homes are built with unique, spacious, open floor plans, encompassing Detail, Quality, Elegance which is unmatched in today's ,build them fast world, Lake Zachary offers true craftsmanship, that will impress your friends and family. This highly sought after neighborhood is 4 minutes off I- 85freeway, less than 10 minutes from Peachtree City or Downtown Newnan, and 20 min from Hartsfield Jackson airport. Location is everything, and this home offers multiple options and more. Located in the top rated Northgate School district, 419 Lake Shore sits comfortably in a Cul-De-Sac, with plenty of privacy. Enter into a splendid foyer that carries your eyes to the top level, traveling up the hardwood stair case, with captivating high ceilings. You will notice the quality of this immaculately maintained home, as you enter the large living room space to your Left perfect for evening gatherings and a large formal dining room to your left, to entertain your friends and family for formal dinners, easily sitting 12 comfortably with large NEW windows allow for a wonderful view to the front of the home. The open concept of the floor plan makes this home especially perfect for family time, boasting plenty of open space in the oversized Family room, with a built in fireplace, perfect for family gatherings and movie night. The eat-in kitchen area is perfect for your morning beverage, or step out on the balcony and enjoy your private oasis. The custom kitchen is a cooks dream, with specialty upgrades, from the Stainless steel appliances, updated cabinets, and hardware, and hardwood floors. The kitchen over looks a large, fenced In, flat backyard, so you can watch your guests and/or kids play while preparing delicious meals in your custom kitchen. Upstairs offers something not built today, large bedrooms, and this home offers Four very generously over-sized bedrooms, laundry room, and a Owners Suite that will take your breath away with it's sheer size offering a large sitting area, perfect for lounging, additional office, workout area, or an additional closet. The possibilities are endless with the space offered in this suite, including the private bathroom oasis, with separate Shower and whirlpool tub. The Double vanity and large walk-in closet offer great touches to this relaxing oasis. Did I mention the basement. There is over 1400 more square feet for you to entertain, create a office space, a movie room, teens suite, In-law suite, and more. The basement area offers an additional bath and bedroom. This home offers it all, Location, Plenty of Space, Open Concept, Large Rooms, and a very large yard. All that's missing is You. Don't let the opportunity to live in Lake Zachary pass you by. Quality built homes, Beautiful Lakes, Perfect location. Open The Door to Your Next Floor in Lake Zachary. Ask your Realtor for a showing today or call Spralding Realty Group for your private showing.
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.
