You do not want to miss the modern comforts in this beautifully preserved Victorian home, built in 1920 and located in the heart of charming downtown Comer. Thoughtfully updated while maintaining its original character and craftsmanship, this one-of-a-kind residence offers the perfect blend of historic elegance and small-town living. A large covered rocking-chair front porch welcomes you home and opens into a gracious, wide foyer featuring beautiful hardwood floors that continue throughout the home. Original decorative tile fireplaces serve as stunning focal points, showcasing the timeless character that makes this property so special. Inside, youll find three large bedrooms, two full bathrooms, a spacious kitchen, formal living and dining rooms, and a sunroom perfect for morning coffee or relaxing afternoons. A huge attic provides abundant storage and endless possibilities for future expansion. Outside, the backyard offers room to garden, entertain, and enjoy the outdoors. Mature shade trees create a peaceful setting, while the chicken coop and outbuilding add both charm and functionality. One of the homes greatest features is its walkable location. Enjoy a true small-town lifestyle with easy access to local favorites including a bakery, restaurants, coffee shop, farmers market, banks, and hardware store-all just a short stroll away. Comer is known for its welcoming atmosphere and active community, hosting events and activities throughout the year. Outdoor enthusiasts will love being only five miles from Watson Mill Bridge State Park, where hiking and horseback riding trails, picnic areas, and family-friendly weekend activities await. Families will also appreciate being just around the corner from Comer Elementary School, widely recognized as one of the top elementary schools in Georgia. If youve been searching for a home with character, history, and a strong sense of community, this Victorian gem is a rare opportunity you won't want to miss.
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.
