If you have been searching for a property with the perfect workshop setup, extra garage space, and a home that truly offers a lifestyle, this one is going to check all the boxes. One of the standout features of this property is the incredible setup with TWO separate two car garages both with electricity that offers endless possibilities for additional vehicles, boats, hobbies, a workshop, gym space, or extra storage. Properties with this kind of functionality in such a prime location are hard to find. As you pull down the long tree lined driveway, the property immediately creates a grand entrance with beautifully maintained landscaping and expansive open space that reflects true pride in homeownership. Perfectly situated in one of Coweta County's most convenient locations, you are only 7 minutes to Publix and Trinity Christian School, 8 minutes to Peachtree City, Costco, and Sam's Club, 14 minutes to Senoia and Piedmont Newnan Hospital, and just 18 minutes to Downtown Newnan while still enjoying the privacy and peacefulness of acreage living. Designed with everyday living and entertaining in mind, the interior offers the kind of floor plan buyers are constantly searching for. The spacious living room flows effortlessly off the kitchen creating the perfect gathering space whether you are hosting friends for game day or enjoying a quiet evening at home. The kitchen offers a large eat in breakfast area while the dining room conveniently flows nearby making entertaining feel natural and easy. A half bath located just off the kitchen area adds even more convenience for guests. The main level features 3 bedrooms with an oversized bonus room upstairs that could easily serve as a 4th bedroom, media room, home office, or playroom. The split bedroom layout creates privacy with the secondary bedrooms tucked away on their own side of the home. The shared bathroom was thoughtfully designed with dual sinks having their own separate vanity area while the toilet and shower are privately located behind an additional door making busy mornings much more functional. The primary suite feels like its own retreat featuring a spacious walk in closet and a beautifully updated ensuite bathroom complete with a travertine walk in shower and soaking tub creating the perfect place to relax at the end of the day. You will also love the separate laundry room featuring its own utility sink adding everyday practicality and convenience. Step outside and enjoy one of the home's most inviting spaces the expansive covered back deck complete with a screened in area overlooking the peaceful property. Whether you are enjoying your morning coffee, hosting cookouts, watching football in the fall, or relaxing after a long day, this outdoor living space was designed to be enjoyed year round. This home has also been exceptionally maintained with numerous improvements completed within the last 5 years including a replaced roof, updated gutters on the house and including both shops, updated windows, spray foam insulation in the attic for energy efficiency, rebuilt front porch with Trex decking, and a freshly repainted interior. This is the kind of property buyers wait for offering the perfect combination of location, functionality, outdoor living, and pride in ownership all in the heart of Sharpsburg.
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.
