Welcome home to this beautifully maintained 4-bedroom, 3-bathroom ranch with new windows, a new door, a finished basement, an additional laundry and new beautiful flooring throughout, ideally situated in the desirable West Springs subdivision of Powder Springs. Nestled in a quiet, well-kept neighborhood, this home offers the perfect blend of comfort, space, and versatility. The main level features a bright and functional open layout with an inviting eat-in kitchen complete with crisp white cabinetry, a center island, ample counter space, and a seamless flow to the fireside family room on the main level creates a warm and welcoming focal point, ideal for cozy evenings or entertaining guests. The spacious primary suite includes a private ensuite bath, while additional bedrooms offer flexibility for guests, family, or a home office. A conveniently located laundry area on the main level adds everyday ease. The finished basement significantly expands your living space and is ideal for entertaining or multi-generational living. It includes a full bedroom and bathroom, a second family room with its own fireplace, and a huge bar area designed for hosting gatherings and celebrations. An additional laundry area in the basement enhances convenience and functionality. Abundant storage throughout the home ensures everything has its place. Step outside to enjoy a large, fenced backyard offering privacy and plenty of room for outdoor activities, pets, gardening, or future enhancements. The patio provides the perfect setting for grilling, relaxing, or entertaining guests. A two-car carport offers covered parking and additional practicality. Beyond the home, residents enjoy convenient access to local parks, shopping, dining, and community amenities. Outdoor enthusiasts will appreciate proximity to the scenic Silver Comet Trail, ideal for biking, jogging, and leisurely walks. The nearby historic downtown Powder Springs area hosts community events, seasonal festivals, and offers charming local eateries. With easy access to major roadways, commuting to the greater metro Atlanta area is convenient while still enjoying the peaceful suburban charm that makes Powder Springs so appealing. This West Springs gem combines generous living space, dual fireplaces, thoughtful upgrades, and an unbeatable location—truly a place 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.
