If you've been dreaming of a home where everyone has room to spread out and summers are spent by the pool, you won't want to let this one slip away. This beautiful one-story brick ranch is the kind of home that just feels comfortable the moment you walk through the front door. The welcoming foyer leads you into spacious living areas designed for everyday life, from family dinners in the separate dining room to quiet mornings in the breakfast room with a cup of coffee. The kitchen offers plenty of space to gather, and just beyond, the sunroom is sure to become one of your favorite spots in the house. Whether you're watching the kids play outside, curling up with a good book, or entertaining friends at the wet bar, there's a place here for every occasion. The spacious primary suite is tucked away on the main level and features a walk-in closet, separate soaking tub and shower, double vanities, and a dedicated makeup vanity to make mornings a little easier. The additional bedrooms are generously sized, giving everyone their own comfortable space. Step outside and you'll find what really makes this home special-a fenced backyard with an in-ground pool that's ready for backyard barbecues, birthday parties, or simply cooling off on a hot Georgia afternoon. Add in a two-car garage and a quiet, established neighborhood, and you've found a home that's easy to love. Homes like this don't come around often. Schedule your private showing today and come see why this one feels like home the minute you walk in.
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.
