SELLER TO GIVE $7,500 TOWARDS YOUR CLOSING COSTS!! INSTANT EQUITY more than $50,000 and motivated seller!! Welcome to the highly coveted Northridge @ Heron Bay subdivision! Your dream home in the prestigious Heron Bay community bolsters stunning views inside and out. With over 4300 sq ft, 4 bedrooms and 4 bathrooms this residence offers luxurious living on a picturesque golf course, just a few steps away from your back yard! Step into your home and be dazzled by the high 2-story ceiling for your living room. Walk the warming hardwood floors directly to your gourmet kitchen with elegant granite counter tops and exquisite cabinetry. The stainless steel appliances had a warming touch to the elegance of the kitchen. The spacious downstairs area allows you to enjoy your kitchen, living room, dining room and family room, all the while, showcasing the best parts of your home. Head upstairs to discover your over sized upstairs foyer that can double as your in-home office or second entertaining room. As you enter the over sized primary bedroom you will notice the large sitting area with an additional fire place for those cozy evenings. Your primary bath comes with double vanity and an amazing spa-like soaking tub for your overall enjoyment. Additionally, Heron Bay offers resort style amenities such as the championship golf course at Heron Bay Golf Country Club, aquatic center, access to lakefront park on the stunning Cole Reservoir, fully equipped fitness center located in the Lodge, tennis courts part of the Atlanta Lawn Tennis Association (ALTA) teams, and much more! 6117 Golf View is an amazing house and it is ready for YOU to make it your home!!
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.
