ALL OFFERS WILL BE CONSIDERED. This home is ready for your personal touches. The main level boasts beautiful hardwood-laminate floors, complemented by elegant granite countertops and gleaming stainless steel appliances in the kitchen. You'll find an exceptionally spacious bedroom on the main floor that's perfect for guests who may never want to leave. The luxurious Owner's suite offers a separate sitting area, double vanities, and a generous walk-in closet. This house is a perfect blend of style, comfort, and convenience, waiting for you to call it home. Perfectly situated in charming Powder Springs where Southern hospitality meets modern convenience. This property offers more than just a great place to live, it gives you access to a lifestyle enriched by local culture, family-friendly attractions and a vibrant sense of community. Just minutes away, you will find Historic Downtown Powder Springs, where local boutiques, cafes, and community events bring neighbors together year-round. Spend weekends soaking up the sun and splashing around at Seven Springs Water Park or dive into local history at the Seven Springs Museum, a true gem for history lovers. For a thrill-filled day, Six Flags Over Georgia is just a short drive away; perfect for spontaneous weekend fun or entertaining visiting guests. Whether you're looking for outdoor adventure, cultural enrichment, or simple small-town charm with easy access to Atlanta, this location truly has it all. Discover why Powder Springs is one of Cobb County's most desirable places to call home.
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.
