Welcome to this spacious 4-bedroom, 3.5-bath home nestled a quiet cul-de-sac on the golf course in the sought-after Southland community of Stone Mountain. Offering breathtaking views of Greenwood Lake and Henson Lake at the back, this two-story home presents an incredible opportunity to add your personal touch and build sweat equity while enjoying a scenic and established neighborhood setting. Step into the impressive entrance foyer with soaring ceilings, flanked by formal living and dining rooms ideal for entertaining or flexible enough to accommodate a 5th bedroom, office, or multipurpose living needs if desired. Fresh interior paint and hardwood floors flow throughout the entire main level, leading into the inviting family room featuring a classic brick fireplace. The kitchen offers granite countertops, stone backsplash, ample cabinetry, and abundant workspace for everyday living. Upstairs, the oversized primary suite features LVP flooring, his and hers closets, and a separate flex space perfect for a sitting room, office, nursery, or private retreat. The spacious primary bath includes skylights that fill the space with natural light. The secondary bedrooms each offer their own unique character — one showcases a charming built-in window seat overlooking the lake, while another features dramatic floor-to-ceiling bay-style windows that flood the room with natural light and create a bright, airy retreat. The finished basement provides exceptional flexibility with its own bedroom, full bathroom, and living area — ideal for guests, extended family, recreation space, home office setup, or additional living flexibility. This home has been cared for over the years and offers strong bones, generous square footage, and a highly desirable golf course location. Enjoy peaceful mornings and relaxing evenings overlooking the lake and fairway views from the expansive back deck. While the side patio offers an additional outdoor space for grilling, seating, or relaxing. Located just minutes from Historic Downtown Stone Mountain and scenic Stone Mountain Park, this community offers golf, swim/tennis amenities, sidewalks, and convenient access to schools, shopping, dining, and major highways.
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.
