Tucked into the natural beauty of Smoke Rise, one of the area’s most desirable communities, this stately brick traditional offers a rare combination of privacy, mature landscaping, and timeless architecture. Solid construction, large rooms--they don't build houses like this anymore. Set on a picturesque lot, the home feels like a peaceful retreat. Bathed in natural light, an all-glass sunroom provides year-round enjoyment and tranquil backyard views, while a flagstone patio offers an inviting setting for outdoor dining, morning coffee, or relaxed evenings. Inside, the home provides approximately 3,700 square feet of finished living space, plus an additional ~1,200 square feet of basement space. Walk up the curved, newly-restored brick entrance and step inside to a soaring two-story foyer with an overlook balcony. The fireside family room, formal dining room, and main-level guest suite create flexibility for everyday living and entertaining alike. The kitchen features granite countertops, abundant cabinetry, and a breakfast nook, while a second fireplace in the living room adds warmth and classic character. Upstairs, the spacious primary suite (with a double vanity) offers a comfortable retreat, and a second-floor library flows into a generous bonus room adaptable to a variety of needs. Front and rear staircases enhance everyday convenience. The sellers have invested approximately $88,000 in substantial updates and repairs, focusing on long-term value and major systems. Improvements include updates to septic tank components; replacement of an HVAC unit and furnace; installation of a new hot water heater; 32 new energy efficient windows; a roof; a whole-house water filtration system; and updated ceiling-mounted light fixtures. Exterior enhancements include fresh trim painting, replacement of the brick mailbox, and a new insulated steel garage door and opener. With these meaningful investments already completed, the home is well positioned for its next chapter. The list price reflects both the extensive system upgrades and the opportunity for a buyer to personalize interior cosmetic finishes to align with their own style. Smoke Rise is known for its unique blend of natural beauty, generous lot sizes, privacy, and a long-standing neighborhood identity that has endured for decades. The established setting, winding roads, and mature tree canopy create a sense of retreat while remaining connected to everyday conveniences. Residents enjoy proximity to the Smoke Rise Country Club (membership optional) and Stone Mountain Park, while dining, shopping, and community events are easily accessible in Tucker and Lilburn. With convenient access to US-78 and I-285, commuting to major employment centers is straightforward—offering both serenity and connectivity in one exceptional location. Blending privacy, natural surroundings, thoughtful improvements, and generous square footage, this home offers the rare opportunity to enjoy established community character while making it distinctly your own.
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.
