MUST SEE! This spacious one bedroom has MANY RECENT UPDATES. Live in Cross Creek's unique and sought after gated community with unsurpassed amenities. Cross Creek is on 122 acres of mature greenspace and in the heart of Atlanta. It's tucked away in the luxury Buckhead community. You'll have everything at your fingertips. This cheery and private lower level has only a few steps to enter, has a great open plan, and no carpet-LVP or tile flooring throughout. ENJOY NEW ENERGY EFFICIENT WINDOWS, replaced electrical panel, replaced HVAC, hot water heater 1 year old, and new roof. The condo flows beautifully with a large family room which has a huge recently added wall of closets with lovely decorative wainscoting sliding doors. This storage area is a rare find. From the family room's French doors there's a wonderful sunroom/bonus room-you choose-den/office, etc. The sunroom overlooks a peaceful wooded area. There's a generous formal dining room and galley kitchen with wood cabinets and replaced appliances. The large bedroom with ceiling fan has nice windows overlooking a wooded area and a huge walkthrough closet. The tiled bath is a lovely "TOTAL RENOVATION" with separate vanity area. Enjoy NEW: white wood cabinetry/sink/faucet/lighting/medicine cabinet/low flow toilet/and huge tiled walk-in shower. There's an added barn style sliding door in the hall. Washer/Dryer remain. A NEST thermostat has been added along with new door lock with code entry access. De Arc Place is a desirable street in Cross Creek and near all amenities. CROSS CREEK'S UNSURPASSED AMENITIES INCLUDE: 24/7 staffed gate, 18 hole par 3 golf course, 3 pools (main pool has a lifeguard in summer and 2 saltwater satellite pools), 3 clubhouses (main clubhouse and 2 renovated satellite clubhouses), restaurant/bar with desirable outside seating, pickleball, tennis, pro-shop with recreation manager, management office, gym, lake, parks, guest suite for resident guests, and EV charging stations throughout the community, CROSS CREEK is a "Certified Wildlife Habitat by the National Wildlife Federation." THIS COMMUNITY IS TRULY A "HIDDEN JEWEL" in Atlanta.
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.
