Life at 4247 Millside Walk feels simple, connected, and easy to settle into. Mornings start smoothly with Starbucks just minutes away, while nearby access to the Silver Comet Trail makes it easy to step outside and reset. Nickajack Elementary sits just before the trail entrance, reinforcing the established, active feel of this Cooper Lake area community in Smyrna. North Cooper Lake Park, tucked within the surrounding neighborhoods, is a true hidden gem. Wooded mountain bike trails, a skills area, playground, and community garden create space to unwind, explore, and enjoy the outdoors. Daily conveniences are close by, with Sprouts, Chick-fil-A, and local shopping all within easy reach. Getting around is straightforward, with easy access to the East-West Connector and I-285, connecting you to Smyrna, Vinings, and greater Atlanta. Nearby dining, entertainment, and live music offer the best of both worlds, close enough to enjoy, yet far enough to come home to a quieter setting. Inside, the heart of the home is the stone fireplace rising floor to ceiling and anchoring the main living space with warmth, texture, and a natural gathering point. Sunlight fills the room, creating a setting that feels just as inviting for quiet evenings as it does for hosting family and friends. This 5-bedroom, 4-bath home is designed for comfortable, everyday living. The homeowners have invested over $75,000 in thoughtful updates, including intentional landscaping with a professionally installed irrigation system, fresh interior paint, newer flooring, professionally cleaned carpet, updated A/C units, a newly completed retaining wall, and a new backyard fence. A freshly painted deck extends the living space outdoors and enhances the home’s natural flow. This is a home that supports an easy daily rhythm, meaningful upgrades, and a well-connected Smyrna lifestyle.
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.
