Welcome Home to West Forsyth! This completely renovated 2 story home has all the screams luxury without the enormous price tag. No surface has been left untouched! As you walk up the front walkway, you are greeted by the brand new double doors allowing the natural light to stream in to a grand foyer entrance. Next, you make your way to the inside you will appreciate the generous dedicated flex office space with accent wall. Then, you can head into the kitchen, you will notice the newly added custom drop zone, perfect for bags, coats and shoes. The kitchen has been completely updated to include all new quartz countertops, stainless steel farm sink, all new appliances, brand new custom tile backsplash and brand new island for that extra prep space. You will also see there is plenty of room for "eat in" areas but a dedicated dining area is just off the kitchen for those big family gatherings! As you make your way thru this gorgeous home you will see the warm LVP flooring throughout and a fresh coat of paint. Brand new lighting and ceiling fans have been installed throughout the home. All the bathrooms have been completely remodeled with brand new vanities, quartz countertops, and new toilets. As you make your way to the master suite you will notice those extra finishing touches and the spa en suite bathroom with tiled shower, separate soaking tub and an oversized primary closet. There are three more bedrooms to enjoy, all with oversized walk in closets as well. The outside of the home also received a fresh coat of paint on the siding and trim, brand new gutters, new garage door motors, and a brand new privacy fence to enjoy your backyard in solitude. A flat level lot makes yard day a breeze! This house won't last long in this quiet community; schedule your showing today! Seller is also GA licensed sales agent.
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.
