Unique, Fully Renovated Modern Ranch on .7 Acres Near Downtown Newnan!!! Welcome home to this one-of-a-kind modern ranch, perfectly situated on a spacious 0.7-acre lot and conveniently located just minutes from historic downtown Newnan, Sharpsburg, and I-85. This beautifully renovated 3-bedroom, 2-bath home blends contemporary design with handcrafted details throughout. Step inside to an open and inviting floor plan featuring spacious rooms, smooth ceilings, and new LVP flooring throughout the main living areas, along with new carpet in the bedrooms. The heart of the home is the modern kitchen, complete with white cabinetry, granite countertops, a large island, open pantry and ample prep and storage space, making it ideal for both everyday living and entertaining. The private extra-large owner's suite is a true retreat, showcasing a custom handmade barn door, handcrafted wooden corner shelving, and a walk-in closet with custom wood rods and shelving. The inviting master bath features double vanities, a soaking tub and beautiful walk-in tile shower and stylish finishes. The split-bedroom floor plan provides privacy, with two generously sized secondary bedrooms, each offering spacious closets with custom-built organizers. One bedroom also features a custom wood accent wall, adding warmth and character. The spacious hall bath includes a tub/shower combination and modern touches. The open living room serves as the centerpiece of the home, highlighted by a custom-built media wall with a handcrafted mantle and a 50-inch electric fireplace insert, creating a cozy and stylish gathering space. Additional interior features include custom neutral wallpaper, industrial pipe shelving for added storage, all located in the large laundry room with convenient access to the backyard. The home's exterior is equally impressive with cinder block construction, a rock and stucco facade, decorative rain chains, and a covered front porch supported by beautiful cedar posts, it's the perfect place to relax and enjoy the peaceful surroundings! An outbuilding provides additional storage, and the home is total electric for efficiency. With its modern upgrades, handcrafted wood details, and unbeatable location, this truly unique Newnan property offers the perfect combination of style, comfort, and convenience. Professional Photos and Drone Footage Coming Soon!
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.
