'Sharp Home Builders' 4- Sided Brick Quality 5 Bed 3.5 Bath Craftsman (3450+Sq Ft) with huge open frame porch, Authentic Florida room/Sun Porch with floor to ceiling windows and vaulted skylights located in sought after South Forsyth High School District! This home gets showered with natural light transitioning you outside to an eclectic flagstone walkout patio complementing the Master on Main floorplan. Windemere/Old Atlanta Country Club adjacent and tucked away in sought after ‘Brandon Hall’ Community offering you a serene and beautiful park like setting with Natural Streams/Waterfalls and mature forests throughout but also a top tier Neighborhood Amenities package including Jr. Olympic Pool w/ Slide & Splash Pad, Swim Team & ALTA Tennis League (4 LED Powered Courts); a Basketball Sports Court, children's playground and a neighborhood Little Library. As you enter through the Pool House, you will find fully equipped bathrooms with showers, a covered patio with fans, a BBQ, two private cabanas with luxury furniture overlooking a stunning swimming pool that includes a water mushroom and zero depth pool area for toddlers as well as a waterslide that surrounded by vast amounts of well-manicured vegetation. This Craftsman Style 5 Bedroom 3.5 Bath 3450+sq ft home boasts a huge Florida Room w/ Flagstone Walkout hardscape patio, a wide open 2 Story Great Room / 2 Story Foyer Floorplan with Upper-Level Loft/Flex Space, Jack n Jill Roommate Floorplan with a bright and airy open concept floorplan. Enjoy the different seasons with your dual sided fireplace that residing in both the great room as well as the Florida room! The heart of the house revolves around the spacious eat-in kitchen, two story great room and dramatic Florda Room with dual sided fireplace and flagstone patio! Solid Oak Hardwood floors on the main, Granite Countertops in Kitchen and slate tile in the Florida Room. Oversized master en-suite off of the kitchen features deep trey ceilings, separate bathroom en-suite, Garden Tub and Huge Walk-in Closet with high end shelving installed! The HVAC, Roof, Water Heater all appear to be newer! Enjoy the convenience of your master on main floorplan while still maintaining plenty of common area space on the main level and roommate style floorplan privacy! Text the keyword ‘ZachMaxey’ to the number 59559 for all the pics plus the price!
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.
