Charming traditional home with a welcoming front porch. Lovingly maintained by the seller for nearly 30 years. Classic renovations to the kitchen, master bath and powder room in 2020. Including elegant, European style, raised panel, 42” kitchen cabinetry with an attractive cream finish and dark glazing. Plus decorative custom vent hood cover, gorgeous black granite counter tops with intricate edging and full granite backsplash. Quality stainless steel appliances and under cabinet lighting make meal time special. Sun-drenched breakfast room will accommodate a large table for family gatherings. Spacious family room is open to the kitchen, lots of natural lighting and is adorned with a cozy brick fireplace and impressive wide plank hand scraped maple wood flooring that extends throughout the entire main level. The downstairs is complete with a formal dining room for special occasions and a formal living room or study with full light French doors for added detail and privacy. The primary bedroom is full of natural lighting and is ample sized with a deep tray ceiling and walk in closet. Luxurious spa bath includes a frame less shower, soaking tub and furniture quality his and her vanities. Spa bath also includes ornate and high-quality plumbing and lighting fixtures, including two water massagers, to complete this spa like experience. Spacious secondary bedrooms which share a bath. A private garden oasis awaits you outdoors. Level and fenced in back yard, fire pit, stone patio, and large sun deck for outdoor entertainment. Ten different fruit trees and flowering vines on trellis will attract the butterflies and you! handsome and durable Hardiplank style siding will perform well for many years to come. Top quality A+ schools, including Lake Windward Elementary, Taylor Road Middle School and Chattahoochee High School, rated a 10! Enjoy the fabulous neighborhood amenities-pool, clubhouse, tennis courts and playground. Vibrant Johns Creek is on the move with the upcoming Town Center and City Hall development. Convenient to Big Creek trail, Caney Creek Nature Preserve, Ocee Park and Autry Mill Nature Preserve. McGinnis Ferry road improvements are underway and will include more efficient traffic flow and bike and pedestrian access. All new interchanges open soon at GA 400 and McGinnis Ferry. Seller is willing to negotiate a $7500.00 decorator allowance or pay an equivalent amount towards the buyers’ closing costs in lieu of the allowance.
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.
