Assume a 2.25% mortgage on this incredible home in beautiful Grayson Georgia! This is a premier active adult community. This better than new 4 bedroom, 3 bathroom is open, bright, comfortable and is perfect for relaxed living and entertaining. This home has been meticulously well maintained and is filled with love! The charming curb appeal sets the tone for what lies within. Step inside to discover a deep, spacious living area bathed in natural light, perfect for gatherings with family and friends. The open floorplan seamlessly connects the home from one space to another. The large kitchen is fantastic, and features a large island, lots of storage, upgraded appliances, including a vent hood. This is the perfect place to prepare meals and gather friends and family! The upstairs features a media room/flex space, an extra bedroom with full bath and the finished bonus area, which can be used as an office space, hobby room, or extra storage. The large primary suite master suite is complete with an en-suite bathroom that is warm and luxurious. There are also three additional bedrooms which are perfect for family or guests. Once you go to the fenced backyard, you have your own private and peaceful retreat. You even have a great place for children to play with the built-in playground! This outdoor space is perfect for hosting summer gatherings or just relaxing evenings anytime. This is more than just a house; it's a lifestyle choice. Don't miss the opportunity to make this captivating property your forever home. Schedule a tour today, and step into the next chapter of your life in this remarkable 55+ community! At this price, it won't last long!
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.
