Welcome to 47 Tobacco Pouch Creek Rd — a charming 3-bedroom, 2-bathroom home tucked away on 1.66 private, wooded acres offering the peace and seclusion of country living while keeping you close to everything North Georgia has to offer. With a retired title on a permanent foundation, this property offers the affordability of modular construction with the security and financing options of traditional real estate. Step inside and you'll find a surprisingly spacious open-concept layout with rich flooring throughout, coffered ceilings with decorative beam detail, and a flowing great room that connects seamlessly to the kitchen and dining area. The kitchen features warm natural wood cabinetry, granite-look countertops, and plenty of prep space — practical and full of character. A dedicated laundry area with Samsung washer and dryer adds convenience right off the dining space. The primary suite offers a private en-suite bath with large vanity and shower, plus a generously sized closet. Two additional bedrooms with crown molding provide comfortable space for kids, guests, or a home office. A second full bath serves the remaining bedrooms with ease. Out front, a large covered deck with a vaulted ceiling and outdoor lighting is the perfect place to unwind and soak in the peaceful wooded surroundings. A second rear deck offers additional outdoor living space, and a storage shed rounds out the property. Major systems are solid — new metal roof, well-maintained HVAC and septic, all on 1.66 private acres just minutes from the University of North Georgia campus. Whether you're an investor looking for reliable rental income, a student needing an affordable off-campus home, or a first-time buyer ready to plant roots in the North Georgia mountains, this one delivers exceptional value. Privacy, acreage, and affordability — a rare combination at this price point. Schedule your showing today!
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.
