Experience the charm of Southern living at its finest in this spacious and beautifully maintained home designed for comfort, entertaining, and everyday convenience. With a thoughtful layout and multiple living areas, this property offers the perfect blend of classic style and modern updates. The upper level features a private owner's suite with an en-suite bathroom, providing convenience and privacy, two additional bedrooms and a full guest bath on the main floor create plenty of space for family, guests, or a home office. At the heart of the home, the updated kitchen showcases granite countertops and stainless steel appliances, making it ideal for preparing meals and gathering with loved ones. The home offers both a spacious living room and a large den, creating flexible areas for relaxing, entertaining, or hosting family gatherings. Step outside and enjoy peaceful views of the surrounding landscape and your private backyard retreat complete with a sparkling pool-perfect for warm Georgia days and outdoor entertaining. Additional highlights include a 20x40 detached garage with a bonus room above, providing excellent space for a workshop, studio, home gym, or additional storage. The fenced backyard offers privacy and room for pets, outdoor activities, and gatherings. The property also includes a full unfinished basement, offering incredible potential for additional living space, a guest suite, home theater, or recreation area tailored to your vision. With generous square footage, outdoor living spaces, and room to customize, this home offers exceptional versatility for today's lifestyle. Conveniently designed with both function and comfort in mind, this property is a rare opportunity for buyers seeking Southern charm, space, and long-term value.
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.
