447 Two Iron Trail is a beautifully updated 3 bed, 2 bath, brick front, ranch home nestled in one of Kennesaw’s most convenient and well-loved swim/tennis communities. The brick ranch home sits on low-traffic, cul-de-sac street on a beautifully landscaped, level lot with a private/wooded backyard. Recent upgrades/updates include brand NEW HVAC system, NEW extra large back DECK, NEW hardwood floors, NEW carpet in bedrooms, FRESH NEW paint throughout the entire inside, NEW Stainless Steel Appliances, NEW Quartz Vanity bathroom tops, NEW Faucets, NEW light fixtures, NEW Master Shower, etc. This home is absolutely stunning! The vaulted family room offers a warm welcome with its cozy fireplace and open feel, flowing easily into a separate dining room perfect for gatherings. The open kitchen features granite countertops, NEW tile backsplash, New stainless steel appliances, pantry, and an inviting breakfast area with views straight out to the trees. The spacious Master bedroom has vaulted ceilings and a walk in closet, and the Master Bath features a large soaking tub, dual vanities, new shower, and new quartz vanity tops, new sinks, new faucets, new lighting, etc. The additional bathroom and bedrooms offer versatility for guests, an office, or a growing household. The Indoor/Outdoor living is where this home truly shines. A large NEW back deck stretches across the rear of the home, offering the perfect place to grill, host friends, or enjoy the privacy of the trees/mother nature. Located just minutes from multiple city centers including Downtown Kennesaw, Woodstock, Acworth, and the Marietta Square and super convenient to 41, I-75, etc. You’re also close to parks and outdoor favorites such as Swift-Cantrell Park and Kennesaw Mountain, as well as the playground, community pool, tennis courts, and pickleball courts that everyone loves! Everyday errands are super easy with numerous shopping and dining options along 41/Cobb Pkwy. Must See! Move-in Ready!
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.
