Welcome to 4431 Birch Meadow Trl, a charming like-new home nestled in the highly sought-after Mundy Mill neighborhood of Gainesville! Master on the Main!! This beautiful 4-bedroom, 3 full bathroom home offers 2581 square feet of finished living space, blending comfort, functionality, and timeless elegance. Step inside the foyer and you are welcomed by an elegant entrance, a spacious living room, and a bright kitchen with glamourous white cabinets, 12-foot kitchen island with alluring pendant lights above, with ample prep space and a sunny breakfast nook, and a mud room area off the garage door entrance. A favorite feature?? The home is Jackson EMC certified so the electric bill average per year is much lower than your average home. The home has lots of natural light and offers peaceful views of your fenced and spacious backyard. Step out onto the back covered patio, ideal for morning coffee, evening dinners, or weekend entertaining. Split bedroom plan. Upstairs, you'll find the 4th oversized bedroom and a full bath. This room is has very generous closet space. Home has a spacious owner's suite featuring a walk-in closet and double vanity. The home features LVP flooring moslty on the main level and gorgeous tile in the bathrooms. One of the larger lots on the street/subdivision and the driveway has been extended on one side for easier parking. Lawn sprinkler system was added in 2024 and the exterior of the home was painted in 2024. Ring doorbell camera with front & rear floodlight cameras. This one truly checks all the boxes, schedule your private showing today! Located in the Gainesville High district, Mundy Mill offers fantastic swim( 3 neighborhood pools all together) & tennis amenities, along with a playground, and clubhouse, making it one of Hall County's most desirable communities. Lastly, the home is located in the Linden Park West phase of Mundy Mill which only has about 40 homes so you are away from the main part of the neighorhood but still get to enjoy all the amenities. Professional pictures coming soon!
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.
