****$5000 seller paid closing cost with accepted offer****This end-unit townhome in Cartersville offers a unique combination of privacy and potential. Positioned at the edge of the community, the property benefits from extra green space and a quiet atmosphere that is hard to find in attached housing. The interior has been refreshed with new paint throughout, creating a clean and modern backdrop for any style of decor. The main level features an open-concept living and dining area designed for effortless movement. Large windows and a bay-style bump-out in the dining area allow for plenty of natural light, especially during these bright summer months. The kitchen is efficiently designed with ample cabinet space and a breakfast bar that overlooks the living area, making it easy to interact with guests while preparing meals. One of the standout features of this home is the flooring. While the main level offers durable surfaces, the top level is finished with real hardwood floors, providing a high-end feel and easy maintenance. The layout utilizes a roommate floor plan, consisting of two spacious bedrooms, each equipped with its own ensuite bathroom. This configuration ensures maximum privacy for residents and guests alike. The outdoor living space is a significant highlight. A large elevated deck extends from the main level, providing a perfect spot for summer relaxation or evening gatherings. The deck overlooks a private wooded area, offering a peaceful view and a sense of seclusion. Because this is an end unit, the sense of space feels much larger than the footprint suggests. Additional value is found in the full-size walk-out basement. This space is currently partially finished and provides a massive amount of storage or a dedicated area for hobbies and fitness. It also serves as a blank canvas for future expansion, allowing a new owner to add square footage and equity by finishing the space to their specific needs. Located in a convenient Cartersville location, this home provides easy access to local shopping, dining, and outdoor recreation. The combination of the roommate-style layout, the move-in-ready interior, and the massive potential of the unfinished basement makes this a compelling opportunity in the current market. Please contact us today to schedule a private tour of this versatile townhome.
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.
