Motivated Seller Escape to Sky Valley, Georgia - the state's highest and coolest city - with this country club home. At 1,924 sq ft, it includes 4 bedrooms, 3 bathrooms, a stone fireplace in the living area. Venture outdoors to discover the true magic: two expansive levels of wrap-around decks that offer panoramic mountain views, perfect for year-round enjoyment. Start your day with a steaming cup of coffee as the sun rises over the peaks, host lively barbecues with friends in the summer breeze, or stargaze under clear night skies - these decks aren't just an extension of the home; they're a gateway to nature's splendor, blending indoor comfort with outdoor adventure seamlessly. As a resident, you'll have effortless access to premium resort amenities just minutes away, including a challenging golf course for honing your swing, a welcoming clubhouse for social events, tennis courts for friendly matches, a refreshing pool for summer dips, and a soothing hot tub to melt away the day's stresses. Beyond the community, endless outdoor pursuits await - from hiking scenic trails and fishing in pristine streams to exploring nearby waterfalls and wildlife. And for a touch of culture and convenience, the enchanting town of Highlands, North Carolina, is only a short, scenic drive away, offering boutique shopping, gourmet dining, artisanal galleries, and seasonal festivals that add a layer of sophistication to your mountain lifestyle. Sold mostly furnished (excluding family heirlooms and personal items), this mountain retreat offers relaxation and recreation. If you've been dreaming of an inexpensive high elevation mountain retreat with community perks, this is your chance. Bring all offers 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.
