MOTIVATED SELLERS – RELOCATING FOR WORK! “Over 2,300 square feet, nearly an acre, no HOA, and a $10,000 landscaping credit—this hidden gem offers far more than meets the eye. Including top rated Forsyth Schools” Don’t let the exterior fool you—this beautifully renovated home offers over 2,300 square feet of living space plus a partial basement, creating far more room than first meets the eye. Nestled on nearly an acre in one of Cumming’s most desirable locations, this property delivers the perfect balance of privacy, convenience, and modern updates. The sellers have thoughtfully renovated the home inside and out over the past three years, creating a move-in-ready retreat just minutes from top-rated schools, shopping, dining, parks, and trails. The only project left is the front landscape, giving the next owner a unique opportunity to personalize the curb appeal to their taste. To help bring that vision to life, the sellers are offering a $10,000 landscaping credit or will pay a landscaper at closing, depending on contract terms and purchase price. Inside, you’ll find warm, inviting spaces designed for everyday living and entertaining. The main level features comfortable living areas filled with natural light, while the finished basement offers flexible space for a home office, recreation room, guest suite, or hobby area. Outside, enjoy the freedom of nearly an acre with no HOA, complete with a chicken coop, garden space, screened porch, deck, and plenty of room to create your own backyard oasis. Rarely do you find this combination of acreage, updates, location, and flexibility in the heart of Forsyth County. Whether you’re dreaming of a hobby farm, private retreat, or simply more space to spread out, 4235 Oakwood Trail offers a lifestyle that’s becoming increasingly hard to find.
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.
