Amazing opportunity in the highly desirable Creekside community & sought-after Forsyth County School District. One of the best curb appeals in the neighborhood at the end of the quiet street right off cul-de-sac! Rocking Chair Front Porch welcomes you into a two-story Foyer with spacious Dining & Living Room combo & conveniently located Half Bath. Updated Chef's Dream Kitchen features a huge Island with Gas Cooktop & plenty of Cabinet space. Spacious two-story Family Room showcases a wall of windows, Built-In Shelves and Gas Fireplace. Cozy Side Porch off the Family Room is perfect for enjoying the outdoors in comfort. Upstairs, spacious Primary Suite offers updated spa-like Bath, versatile Flex Room currently used as an Office & private Balcony perfect for morning coffee or enjoying the peaceful surroundings. Laundry Room is conveniently located between the Bedrooms. Three spacious Secondary Bedrooms include two sharing a Jack-and-Jill Bath & one with a private en-suite Bath. Finished Terrace Level offers additional living space, office/craft room, Bedroom, Full Bath & walkout access to a private Side Courtyard, perfect for guests, extended stays or entertaining. Flat, private Backyard offers plenty of room to enjoy the outdoors. Creekside amenities include Swimming Pool, Tennis/Pickleball Courts, Playground, Club House with Workout Room. Walking distance to New Hope Elementary School, shopping & dining. Minutes to GA-400, Big Creek Greenway, Northside Hospital Forsyth & additional shopping & dining. This place is a perfect home even for the pickiest buyer!
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.
