Tucked away on a private acre plus wooded lot, this beautiful traditional residence offers a rare opportunity to enjoy space, privacy, and convenience just minutes from the city. Surrounded by mature trees, the setting creates a peaceful escape while still keeping you close to Atlanta’s shopping, dining, and major commuter routes. Inside, natural light pours through a dramatic two story dining room highlighted by a striking wall of glass that frames tranquil views of the surrounding landscape. The open layout flows seamlessly into the living area, where a fireplace creates a warm and inviting focal point for both everyday living and entertaining. The kitchen has been thoughtfully updated with new stainless steel appliances and opens beautifully to the main living spaces, enhancing both functionality and flow. Designed with flexibility in mind, the home features three primary bedrooms, each with its own private en suite, offering an ideal setup for generational living, extended family, or long term guests while still allowing for comfort and privacy. A bedroom on the main level adds even more convenience. All bedrooms are generously sized with large walk in closets, and the spacious walk in laundry room includes a washer and dryer for added ease. A one year home warranty will also be transferred to the new owner, providing additional peace of mind. One of the most unique advantages of this property is its private well, allowing for only one affordable utility bill each month. Located just three minutes from the highway, the home offers quick access to Stone Mountain Park, Highway 78, Gwinnett County, and a variety of shopping and dining options. Residents also enjoy nearby swim and tennis amenities, with optional membership available at Smoke Rise Country Club. Situated within the sought after Smoke Rise and Summit Swim and Tennis community, this home provides convenient access to outdoor recreation and lifestyle amenities. Stone Mountain Park is just moments away, offering miles of scenic walking trails, fishing, boating, cycling, and year round activities. Golf enthusiasts will also appreciate proximity to Smoke Rise Golf and Country Club. Homes that offer this level of wooded privacy, flexible living space, and proximity to the city are becoming increasingly difficult to find. This exceptional property combines space, comfort, and lifestyle in one of the area’s most desirable settings.
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.
