Welcome home to this uniquely crafted Jeremy Rutenberg architect. Nested in the heart of Dallas, Georgia's Seven Hills Community, you can have the opportunity of owning this near one half acre corner lot with amenities all its own, in addition to the list of benefits of living in this lush community. This home features: OUTSIDE - FRONT An intimate covered brick-floored front porch. A window-view, enclosed two-car garage with working garage door openers. Ample drive-way parking for additional vehicles and guest. Amazing curb appeal from front to back as a corner lot. INSIDE - FIRST FLOOR Adequate space to accommodate a king-sized bed within the Master-on-the-Main along with independent closets for two and dual vanities. Upgraded kitchen with backsplash, double oven, gas cooktop range, walk-in pantry and more. Open concept from kitchen to family room to dining. Each have their vantage point through the rear windows to the exterior. INSIDE - SECOND FLOOR Three large bedrooms, each with their own walk-in closets. Two with a street-view and the other with rearview. A pass-through full bathroom central to all bedrooms. Upstairs includes a handcrafted, wooden security gate for pets. INSIDE - BASEMENT A very spacious and largely finished basement with completed sitting/lounge area. A full bathroom with an additional space for storage or building a linen closet. A dedicated media/theater room with plush carpet. A completed kitchen with space for a chef-sized island. A fully-finished fifth bedroom that can also be converted into a gym, office, or art studio with the adjoining unfinished portion of the bedroom. OUTSIDE - REAR A 45' x 25' heated saltwater pool with hot tub. A two-way staircase; one to lawn and the other poolside. An extended deck; part fully covered and the other with covered pergola for more sun. An beautiful green space for play and a dog run. A dedicated playground for children. An extended barn-styled fence and metal fence for curb appeal. COMMUNITY AMMENITIES A private community clubhouse. A golf cart friendly neighborhood. A state-of-the-art swimming pool and kiddie pool play area. 8 tennis courts; 6 pickle ball courts; 2 basketball courts; 1 expansive mulch-chip bed playground with covered awnings; An open dog run, walking paths, and benches set for relaxation and so much more.
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.
