This Charming Ranch Bungalow is located in a highly sought after tree lined subdivision. Nestled on a generous Cul-de-Sac Lot, this home offers the perfect blend of comfort, style, and convenience. Relax and unwind while enjoying beautiful sunsets from the inviting rocking chair front porch. The home features a NEW Roof 2025 and water heater 2025 and NEW HVAC 2023. This 4-bedroom, 3-bath home features gleaming hardwood floors and elegant plantation shutters throughout. The chef's kitchen is a standout, complete with rich stained cabinetry, granite countertops, a cozy breakfast area, and an open view into the expansive family room-ideal for everyday living and entertaining. The impressive family room boasts a vaulted ceiling and a stunning stacked stone fireplace, creating a warm and welcoming focal point. A separate formal dining room provides ample space for hosting gatherings and special occasions. The main level includes a spacious primary suite with a spa-like bath, along with two additional bedrooms and a full bath. Downstairs, a private guest suite with its own entrance offers incredible flexibility-perfect for a teen suite, in-law accommodations, or a quiet home office. Step outside to a huge backyard filled with mature hardwood trees and a large deck, making it an ideal setting for outdoor entertaining or peaceful relaxation. Conveniently located near Kennesaw Mountain, shopping, Marietta Square, parks, and with easy access to Hwy 75, this home truly has it all.
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.
