Welcome to this meticulously maintained exquisite estate home in one of North Atlanta's most prestigious and sought-after gated country club communities--Bear’s Best Edinburgh. Located deep in the prominent “Estates” section, this unique home is situated in “The Point”—the most exclusive section of Edinburgh. This is a rare opportunity to own a luxury home on one of the most desired homesites, the 12th hole of the award-winning Jack Nicklaus-designed Golf Course. Walk out to this gorgeous backyard in a seamless transition from indoor to outdoor living. This one-of-a-kind backyard oasis is highlighted by a custom pavilion with striking stonework, a built-in professional grill, gas fire features, a custom waterfall and an expansive living area for year-round enjoyment. The backyard boasts of endless gathering spaces, including a seated firepit area overlooking the golf course – perfect for hosting friends and family under a canopy of mature trees. This home is truly an entertainer's dream! With direct main kitchen access, you will have a stunning gathering space for any occasion or celebration. This pool approved homesite is one of the few that can accommodate a pool and still have ample yard space. Pool renderings, approvals, and required impervious credits are included. From the moment you walk into the large foyer, this stunning home exudes elegance and sophistication. The carefully and masterfully planned open concept layout creates a truly functional space, where no space is wasted and every need has been considered. The main level features a chef's kitchen, butler’s pantry, generous dining room and eat in, an inviting great room, which is enhanced by two story floor-to-ceiling picture windows. The home is thoughtfully curated from its custom design to its high-quality finishes. The inviting main level primary suite provides both a resplendent and restorative retreat from the rest of the house. The spa inspired primary bath-- with soaking tub, dual walk-through showers, dual vanities, and custom walk-in closet—has everything you need to relax. Upstairs you'll find a versatile loft space and four oversized bedrooms, ample storage throughout, and a bonus multi-purpose bunk room. Each bedroom suite is attached to an elegant, upgraded bathroom. The second level living offers maximum flexibility for family and guests and a layout that provides privacy for each individual. This “better than new” home is distinguished by upgrades galore, custom closets, a custom pantry, a custom garage workbench, an integrated whole house HEPA vacuum system, brand new upgraded carpet, brand new large picture windows, all new fresh interior and exterior paint and stain, new lifetime warrantied Schlage doorknobs, lifetime warrantied plantation shutters, upgraded faucets, and custom cabinets. The massive basement space is construction ready to customize to your needs, with finished hardwood stairs, wall and ceiling insulation, bathroom and laundry plumbing, and generous 9-foot ceilings. This gated, swim/tennis/golf neighborhood is located in the highly desirable North Gwinnett School District.
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.
