COMMING SOON. Without a doubt, this is the best home in the neighborhood. Located at 5541 Barberry Ave, Oakwood, GA 30566, in Hall County, this property stands out for its details, surroundings, and excellent overall condition. The home features 4 spacious bedrooms and 2.5 bathrooms, offering comfortable and well-distributed living spaces perfect for family enjoyment. One of its greatest highlights is the fully fenced backyard with a covered patio, ideal for gatherings, relaxation, and year-round entertaining, providing both privacy and functionality. Situated on a corner lot, the property enjoys a prime location with open views of a lake across the street, creating a peaceful and harmonious atmosphere that is truly hard to find. The community is known for being quiet, well-maintained, and family-friendly, with welcoming neighbors and a pleasant environment. The HOA is well-organized and proactive, consistently focused on maintaining high standards of cleanliness, order, and community care, ensuring homeowners enjoy an excellent quality of life and a well-protected investment. Proximity to Lake Lanier adds even more value, allowing residents to enjoy recreational activities, nature, and a relaxed lifestyle without sacrificing convenience or accessibility. This home will not be available for long. It is a unique opportunity to own a property that truly stands out within the community. Don’t miss the chance to make it yours. Submit your offer—we are happy to negotiate and welcome you to your new 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.
