RSVP! We are offering the best of both worlds. From the convenience of Atlanta to one of Fairburn's best-kept secrets. What Would You Do? With 25+ acres of AG-1 developed farm land and a beautiful, all-electric home, just 15 miles from Hartsfield-Jackson International Airport and 20 miles from downtown Atlanta? We'll give you a head start with a 2-story, 21-stall professional equestrian facility, equipped with a horse shower and an unfinished 4/1 carriage house with a view of the stables. Next, add in (2) additional outbuildings; one with an unfinished carriage suite above it, as well as a garage door. Surprise! There are (2) cabanas for outdoor entertaining, and one small lake with fish, which can be used for grazing and irrigation, and you'll have the recipe for endless possibilities. Agriculture is Georgia's #1 industry. Issue parcel leases or start your own family farm. Atlanta has loads of urban farmers who need land. Be the catalyst to help fight food insecurity in your community. The (9+) acres of timber stand have both oak and pine trees that carry value in the Georgia market. Additional income streams could include Neurosensory horse therapy, regular equestrian services, and riding trails. The star of this epic property is an all-electric, totally remodeled, 4/3/1 home with a private water source and a new water filtration system. She is a bold and beautiful statement among the acres of serene pastures and quiet resolve. The extra-wide entrance, security lighting, and stunning French doors usher you into a world of open-concept. It's a gathering spot inclusive of all family activities. You'll never miss a beat! The home includes a modern living, dining, and kitchen space. The chef-inspired kitchen has quartz countertops, a custom-built island with seating for four, a double sink, Samsung kitchen appliances, a custom pot filler (a safety feature you won't see often), soft-close cabinets, custom lighting, a built-in microwave, and specialty flooring. The main level offers a spandrel/understair closet, a half bath, a guest suite with a full bath, and a spacious family room with a custom wet bar, a professional pool table, a glass-covered fireplace, and French patio doors to an outdoor entertainment space. The staircase leading to the second level has a convenient landing, a designer accent wall, and lighting. The second-level office is an unobstructed, multi-purpose workspace, with an entry to the covered veranda for well-deserved breaks, custom shelving, an exercise room, and laundry facilities. (Washer and dryer not part of sale) So much can be accomplished when the floor plan is right! On the same level are two secondary bedrooms and one full bath. The Master suite has a well-designed sitting area, a glass-covered fireplace, a walk-in closet, vaulted ceilings, a stunning accent wall, its own spa with a double vanity, a soaking tub, a 2-sided glass shower, and a ceiling-mounted Bluetooth speaker for added ambience. The sunroom runs the entire width of the Master. *Security cameras and any tagged items are included with the sale. UGA soil test available after December 20th. Please view the video. Our preferred closer is Weissman Law, PC. POF required. "Don't Let The Sun Set On Your Next Investment". Copyright 2003
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.
