Beautiful Custom Home Near Lake Lanier - With No HOA! Welcome to this well-maintained custom home offering 1,952 total square feet, including a finished 639 sq ft basement, designed for both comfortable living and entertaining. This beautiful spacious property has been well cared for by the original owner! Step inside from a charming, covered porch that welcomes you to a thoughtfully designed split bedroom floorplan with 4 bedrooms, 2 full bathrooms. You will find a spacious master suite with tray ceiling, walk in closet, dual vanities and separate tub & shower. There are spacious secondary rooms with great sunlight. Step onto hardwood floors throughout main areas. Custom Hunter-Douglas Blinds. Fresh paint throughout. A 2-car attached garage that has generous storage. The bathrooms feature travertine tiled floors with updated fixtures and faucets. The kitchen is equipped with: Granite countertops, Tile backsplash, BRAND NEW STAINLESS STEEL APPLIANCES (2026). Also has NEW WATER HEATHER (2025). Step outside to an exceptional outdoor living space featuring a 1,200 sq ft stone patio with a generous outdoor dining area, a spacious solid wood pergola with metal roof and gutters, and a built-in firepit with oversized built-in seating that is perfect for large family and friend gatherings. The property sits on a spacious 0.51-acre corner lot facing Lake Lanier, with professional landscaping and lighting throughout. Love the water? Bring your boat! Space to park your trailer. Tidwell Park Boat Ramp is just a block away. Added outside features include: Large two-sided double door shed, an Extended parking pad, automatic patio and landscape lighting, and a NEW ROOF (has a transferable warranty). This property is well-located at only one block to TIDWELL PARK - LESS than 1/2 mile to great communities like HICKORY LAKESIDE & ARDEN ON LANIER - 4 miles to NEW FORSYTH ADMINISTRATION BUILDING. 8 miles to NORTHSIDE HOSPITAL and more... This is your chance to have your own private retreat in this well appointed and perfectly located 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.
