A nice house, ready for new owner. Hurry to see this magnificent 5-bedroom, 3-bathroom home nestled in sought-after North Paulding County. Boasting 2,892 square feet of finished living space and an expansive 1,280 square feet of unfinished area in the walkout basement, this two-story residence combines comfort with sophistication. Key Features: Spacious Interiors: Enjoy an open-concept living area adorned with luxury vinyl plank (LVP) floors and a charming fireplace. Gourmet Kitchen: The modern kitchen features granite countertops, stainless steel appliances, and a sizable island perfect for entertaining. Main Level Convenience: A bedroom and full bathroom on the main floor cater to guests or multi-generational living needs. Luxurious Primary Suite: Retreat to the elegant master bedroom offering a walk-in closet and a spa-like ensuite bathroom complete with a soaking tub and separate shower. Comfortable Bedrooms: All bedrooms are carpeted for added comfort and warmth. Outdoor Haven: Relax or entertain in the fenced backyard with a patio area, ideal for gatherings. Expansion Potential: The walkout basement provides an additional 1,280 square feet of unfinished space, offering endless possibilities for customization. Convenient Location: Close proximity to schools, shopping centers, dining options, and recreational facilities. Aggressively Priced: This home is priced competitively to facilitate a swift sale, presenting exceptional value for its caliber. This property blends comfort, style, and potential, making it an ideal choice for discerning buyers. Don't let this opportunity slip away schedule your private showing today! Contact listing agent for more information and to arrange a visit to 75 Deven Dr. This home is owner-occupied. By appointment only. Please use Showing Time.
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.
