Gorgeous 4-Bedroom Townhome, located in a coveted and highly sought-after Smyrna-Vinings community, featuring an OPEN FLOOR PLAN, upper AND lower PATIO (with lower level DECK providing a PRIVACY FENCED BACKYARD), 2 CAR GARAGE in the Chadsworth community, featuring a Junior-Olympic sized Pool, located less than 5 mins from Silver Comet Trail! New HVAC, New Water Heater, New Microwave, New Refridgerator, and the community just redid the asphalt on the streets last year! Step inside to a welcoming foyer that opens into an oversized living room, perfect for relaxing or entertaining. The backyard is so serene from the upstairs patio! So many trees and nature! Small Dining area in the kitchen as well as a Larger dining area in the over-sized living room. The chef's kitchen features a spacious island with counterspace galore, and an open flow into the dining area, with a convenient half bath located nearby. Stainless Steel Appliances, Gas Oven/stove, Large Under-Mount Sink, Pantry, Recessed Lighting, Large Chef's Kitchen Island. Family Room has gas fireplace with mantle. Upstairs, the Primary Suite is a true retreat, with a large walk-in closet and a spa-like bath, featuring a walk-in shower and separate soaking tub. Priamry Bedroom features Tray Ceilings, French Doors, Dual Vanities with Separate Jetted Soaking Tub and Large Walk-In Closet. Primary Bathroom also features a Sitting Vanity aka "Makeup Counter" between the double vanities. A 2nd bedroom with its own private bath and generous closet provides comfort and privacy for guests. The Terrace Level offers flexible living space with a 4th bedroom that can easily serve as a home office, gym, or media room. Private fence in the back with the upstairs balcony providing much needed shade and weather-proof entertainment space to the lower level. The back deck offers the ideal spot to unwind and take in the evening sunset. Additional storage and a 2-car garage complete the lower level. Residents of Chadsworth enjoy a peaceful setting with a community pool and beautifully maintained exteriors all just minutes from The Battery, Truist Park, Cumberland Mall, The Silver Comet Trail, Smyrna Market Village, Downtown Vinings, and The Works. Experience in-town living without the noise and hassle don't miss your chance to call this one home! A must see.
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.
