Assume a 2.625 loan on this beautiful Lake Zachary home! Save over a thousand a month with this low rate assumable loan with ROAM. This incredible 3 level, 6 bedroom and 5 bathroom home offers true craftsmanship, and a place for all your loved ones on a fantastic lot at the end of a cut-de-sac. The custom kitchen is amazing, with upgraded cabinets, stainless steel high-end apppliances, an iso much more! The kitchen overlooks a large, fenced In, flat backyard, so you can watch your guests and/or kids play while preparing delicious meals in your custom kitchen. In addition there is an oversized dining room that can easily seat 14 or more. When you enter the home, you will feel all of the love and the care and that has gone into this immaculately maintained home. On you left is a large flex space/office/living room that offers so many options. As you continue, you enter the family/great room and can see the beautiful new windows, high ceilings, and hardwood floors. The open concept of the floor plan makes this home especially perfect for family and friends, boasting plenty of open space in the oversized Family room, with a built in wood burning fireplace. Enjoy these gatherings, or take a step on to balcony and enjoy your the beauty of the surroundings. This home has 6 bedrooms and 4 full baths. There is a large bedroom on the main floor and a full bath on the main level as well. Upstairs brings 4 large bedrooms, the laundry room, and a primary bedroom that is huge, offering enough space for sitting room, workout area or an office. There are so many possibilities when the space in the owner suite. The bathroom offers double vanities, large walk-in closet, and a separate shower and whirlpool tub. Relaxing in your own private oasis. It is incredible! The three additional bedroom are very large, and offer plenty of space for everyone! In addition, there is a huge fully finished basement! It offers another bedroom, another bathroom, an area for an office space or workout room, media/game room, and so much more! This home offers so much value for the money. And, by assuming the low rate (2.625%) mortgage, you will save 100's 1000s of dollars over the life of the mortgage. And over $1000 a month. That is incredible! This highly sought after neighborhood is 4 minutes off I- 85, and is less than 10 minutes from Peachtree City or Downtown Newnan, and only 20 min from Hartsfield Jackson airport. Location is everything, this home is located in the top rated Northgate School district. And you can even fish in the Lake! And, at this price, with these terms, it won't last long. Call Kevin and make your appointment TODAY!
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.
