This charming, traditional two-story home, located directly across from the community's resort-style amenities. The main level features a desirable open-concept design. A separate formal dining room provides an elegant space for gatherings, while a versatile flex room with custom built-ins offers endless possibilities for a home office, play area, library/den or teenage space. The cozy family room flows seamlessly into the functional kitchen, which boasts a small island perfect for casual meals and entertaining. A convenient half bath is also located on this level. Step outside to a fantastic covered patio area with ample lounge space, ideal for al fresco dining or simply unwinding after a long day. The private, gated backyard offers a safe space for play. The two-car garage is a major bonus, featuring an EV charging cable for eco-conscious owners and practical loft storage space. Head upstairs to discover three spacious bedrooms and two full bathrooms, including a primary suite designed for relaxation. The dedicated laundry room is strategically placed on the upper level for added convenience, making chores a breeze. Location is everything! Enjoy immediate access to a wealth of community amenities right across the street, including: Pickleball and tennis courts, Serene lakes, Resort-style swimming pool, and within the community a soccer field, extensive walking trails and tree-lined sidewalks plus an elementary school conveniently located within the community. This home is the perfect sanctuary for those seeking an active lifestyle without sacrificing comfort and accessibility. Did I mention minutes away from Ingles, Publix & Kroger, Piedmont Henry, Downtown Stockbridge Amphitheater, country clubs and golf courses, Lake Spivey Park, 25 minutes from Downtown Atlanta, Atlanta Hartsfield International Airport and EchoPark (formerly Atlanta Motor) Speedway. Seller open to up to $5000 in Seller Contributions to closing cost &/or for paint/carpet upgrades. Don't miss out, call for your private tour 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.
