MOTIVATED SELLER. Bring your Buyers to view this newly renovated home located in the sought after North Springs Community. The property is well equipped with outstanding finishes and sits beautifully on a sizable .41 acre lot. The front entry provides a large covered porch which allows for the perfect sitting area on a nice Georgia afternoon. Venture into the property where you will find a family area finished with recess lighting, fireplace and built in shelving. The open concept of the 2nd floor connects the beautifully updated kitchen which boasts granite countertops, tile backsplash, stainless steel appliances, and plenty of cabinetry. The Kitchen flows into the the dining area which makes it the perfect space for entertaining. Fall in love with the newly built Sunroom finished in vaulted wood ceiling, folding glass doors and oversized windows perfect for enjoying natural light and views of the private backyard. The Master Bedroom is equipped with a newly renovated Master Bathroom consisting of double vanity sinks, quartz countertops, custom tile shower with glass enclosure, and soaking tub. Right off from the Master Bathroom you will find the Custom Walk-In Master Closet which maximizes the functionality of the space. There are 2 additional spacious bedrooms on the second floor along with newly renovated full bathroom with tile flooring and tile tub surround. The main floor layout provides a unique opportunity for separate living quarters that could serve as an In-Law Suite and or the perfect space for a College Student that desires the experience of independent living. There is a side entry point and fenced area which creates the perfect ambience of separate living. The exterior is well maintained with fresh paint, new gutters and a private backyard. Located in the rear right off from the Sunroom there is a newly built deck perfect for grilling and entertaining. With a two-car garage and a prime location near GA-400 and local amenities, this home truly stands out as a stylish and comfortable residence. Purchase with equity, schedule your showings 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.
