This warm and well maintained home is North facing and ready to move right in. The community is welcoming and offers a pool, tennis courts and a fun playground area as well as a peaceful community nature walk. The location is excellent, in a sought after school district, near Sawnee Mountain Park, less than 10 minutes from the new Cumming City Center, with restaurants, entertainment venues and shopping, and only 20 minutes from downtown Canton with even more restaurants and entertainment. The floor plan has an open flowing feel and ample kitchen space for culinary creations. The giant kitchen island has enough space for the family chef to create. The gorgeous great room features a coffered ceiling, current design touches with floating shelves, a beautiful stone fireplace and windows that fill the space with natural light. Then step outside to your perfectly flat fenced backyard. It's a wonderful place for the furry friends or family gatherings to celebrate life's events. Watch the fun from the decorative corner kitchen windows. The loft area, upstairs could be transformed into a mini-library reading nook, a media/game space, or just a space to have some space! Spacious bedrooms just off the loft offer quiet, private space and big walk-in closets, The master is especially spacious and offers a pretty tray ceiling and a luxurious master bathroom, large fully tiled shower and a HUGE Master Closet that will hold all of your shopping treasures and shoes. This is great home in great condition in a great community with great schools in great area of a great county. You get it!!!
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.
