Picture it... a charming corner-lot home in the heart of Arlington, where evenings are spent rocking on the front porch beneath a classic robin's egg blue ceiling and neighbors still wave as they pass by. Filled with Southern charm and offering room for everyone, this property is the perfect blend of character, comfort, and functionality. The fully fenced backyard is designed for making memories, with an in-ground swimming pool ready to provide relief from those long South Georgia summer days. A gazebo and pool house offer additional storage and shaded gathering space, while the expansive yard provides plenty of room for children and grandchildren to play, ride bikes, shoot basketball, or simply enjoy being outdoors. Step inside and discover a home that offers flexibility for every stage of life. A spacious family room overlooking the backyard welcomes you in and provides endless possibilities. Whether you need a home office, playroom, media room, or additional living area, this oversized space is ready to fit your needs. The kitchen serves as the heart of the home and flows beautifully into the dining area, creating the perfect place for family meals and holiday gatherings. Just off the kitchen, you'll find an additional room that offers excellent potential for a walk-in pantry, storage area, or hobby space. The unique primary suite offers a quiet retreat, especially appealing for shift workers or anyone who values uninterrupted rest, with no exterior windows directly in the bedroom. Connected to the suite is a versatile bonus room complete with a window, closet, and privacy door-ideal for a nursery, home office, reading room, or personal retreat. Also located on the main level are an additional bedroom and bath, while upstairs you'll find a large bonus room and full bathroom that could serve as a guest suite, game room, teenager's retreat, or additional bedroom. With its generous living spaces, flexible floor plan, backyard oasis, and prime in-town location, this is a home that truly must be experienced in person to appreciate all it has to offer. Come see how this Arlington gem could be the perfect setting for your next chapter.
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.
