This spacious 6-bedroom, 4-bath home, boasting 3,844 square feet, has been meticulously maintained and offers a flexible layout on 2.47 acres in a quiet cul-de-sac with no HOA. Surrounded by mature trees and accessed by a long, stunning tree-lined canopy driveway, the property offers a true sense of arrival along with everyday privacy, while still being conveniently located to nearby amenities and major roads. The main level features a primary suite along with two additional bedrooms, making everyday living comfortable and accessible. The layout is open and functional, with a family room, a separate dining room, and a kitchen that connects easily to both spaces. The kitchen includes granite countertops, stainless steel appliances, a walk-in pantry, and a newer Whirlpool oven. A wood-burning fireplace adds a warm, traditional touch to the main living area. The design of the home is thoughtful with storage in mind, offering an abundance of closets and walk-in storage spaces throughout. Out back, the screened-in porch is set up for everyday use with a full-length table and peaceful views of the surrounding trees and landscaping. The yard is open and level, offering plenty of space for kids, pets, or outdoor activities, along with a firepit area for relaxed evenings outside. Upstairs provides additional flexibility with a large media/bonus room (which could serve as a bedroom), a dedicated office, a craft room, and a guest bedroom with a full bath. The property also includes raised garden beds and a chicken coop (7 egg-laying hens/chickens), making it easy to enjoy a more self-sufficient, farm-to-table lifestyle if desired. Recent updates include interior and exterior paint, LVP flooring on the main level (approximately 1 year old), a newer architectural roof (under 3 years old), and a concrete driveway. The home also features a 3-rail fence, covered parking, and a separate enclosed garage. Conveniently located just minutes from Hwy 20 and I-75, the home offers easy access to everyday needs while still feeling tucked away. Upper Stamp Creek boat ramp is less than 10 minutes away, with nearby campgrounds and outdoor recreation close by. Cartersville and LakePoint Sports are both about a 20-minute drive, Truist Park is approximately 40 minutes, and Chattanooga is roughly an hour away. Shopping, dining, and major retailers are all within a short drive. This home offers a balance of space, privacy, and accessibility, making it a solid option for both full-time living or a quieter retreat setting.
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.
