Welcome to your home in Grove Point Subdivision located in Hahira, GA. Specially crafted with reinforced 12-inch concrete walls, this home is uniquely designed and unlike any other home in Grove Point Subdivision. The 2749 sqft move-in ready home has much to offer including a side entrance 3-car garage and an 11x18 sunroom overlooking an inviting deck. The interior boasts engineered hardwood floors throughout the common areas and all bedrooms. The heart of the house is the gourmet kitchen which is equipped with granite countertops, loads of cabinet space, and all GE Profile appliances. The floorplan is split with the master bedroom on one side and the guest rooms on the other. The master bathroom offers a separate shower, a jet powered soaking tub, double vanities, and a large walk-in closet. In addition, the interior provides a utility sink in the laundry room, 3.5-inch plantation shutters, a gas fireplace, built in bookcases with closed cabinets underneath, an elegant dining room and a separate breakfast area. The exterior is designed with all brick on the front and concrete siding on the sides and rear. The back yard is a private oasis as the property backs up to a lovely, wooded area. The 20x25 deck with gazebo is the perfect place to grill and socialize with your guests. Gutters have also been installed around the majority of the house. This house really is one of a kind and worth touring!! Grove Point community includes 3 pools, an amazing playground with a walking track, pickleball courts, and basketball courts. Do not miss the chance to call this spacious house your next home.
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.
