Welcome to your perfect blend of comfort and convenience in this delightful 3-bedroom, 2-bathroom brick home that's ready to welcome new memories. Located in Parkway Place subdivision, this charming residence features a thoughtfully designed layout that effortlessly combines everyday practicality with those special touches that make a house feel like a home. The heart of this home showcases a modern kitchen equipped with new appliances and metal pull out inserts in the cabinets that would make any home chef smile with anticipation. The spacious living room invites relaxation with its propane fireplace (with electric remote control), perfect for cozy evenings and entertaining guests without the fuss of traditional wood burning fireplaces. The primary bedroom suite offers a renovated master bath that includes a 6 ft. walk in shower, allowing for a safe and easy entry. The two other bedrooms provide plenty of space and a shared bath, and a bonus room can be used as a study, office, sitting room, or whatever your heart desires. Throughout the home you'll enjoy beautiful, engineered wood flooring and the efficiency of the tankless water heater, providing endless hot water while being environmentally conscious. Step outside to discover your private oasis featuring a partially covered composite deck that's perfect for enjoying your morning coffee or evenings grilling out. The fenced backyard on three sides provides privacy, ideal for children at play and enjoying outdoor activities. The rear property line is wooded, giving deer ample space to come into the yard to roam. The hobbyist in the family will have plenty of room in the 12 x 24 outbuilding, which is fully insulated with spray foam and has a window A/C and heating unit. The backyard also includes an 8 x 8 garden shed, perfect for storing your lawn mower and other tools. Located conveniently to shopping, dining, Georgia Southern University, and all that Statesboro has to offer, this home represents the ideal combination of modern amenities, comfortable living spaces, and neighborhood convenience that today's buyers are seeking. Don't let this opportunity pass you by.
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.
