Welcome home to 619 Oakville Trail in Hampton, Georgia, a spacious 5 bedroom, 4 bath home in sought after Clayton County, built in 2019 and offering over 3,000 square feet on the main two levels plus a large unfinished basement ready for your custom touches. As you step inside, you're greeted by a welcoming main floor that features a comfortable living room, a separate dining room, a full bedroom and bath, a versatile **flex** room that works perfectly as an office or additional bedroom, and an open kitchen that flows toward the back of the home. The kitchen includes brand new appliances that will remain with the property and opens to a deck overlooking the backyard, giving you a great space for grilling, entertaining, or relaxing outdoors. Upstairs, you'll find four generously sized bedrooms and two full bathrooms, providing plenty of room for everyone to spread out. The layout offers privacy and convenience, with all secondary bedrooms on the same level and good closet space throughout. With approximately 3,054 square feet on the upper two floors, there is room for both everyday living and hosting guests. The daylight basement adds approximately 1,271 additional square feet and has already been framed with new electrical and plumbing, creating a great opportunity to finish it out as a media room, additional bedrooms, an inlaw suite, or a home gym-whatever fits your lifestyle. This space gives you instant equity potential and the rare chance to customize a newerconstruction home to your taste without starting from scratch. Built in 2019, this home combines the feel of newer construction with the flexibility of an unfinished basement, all at an attractive price point of $399,000, plus a $7,500 credit from the seller to help with closing costs or rate buydown for the buyer. Located in Hampton with convenient access to area amenities, shopping, and major routes, this property offers comfortable suburban living with room to grow.
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.
