Beautifully 6 bedroom. home on a private cul-de-sac lot in BridgeMill, ideally located close to the neighborhood entrance and resort-style amenities. This home backs to un-buildable Army Corps of Engineers land, offering wooded privacy and direct paths toward Lake Allatoona. The fully fenced backyard features a built in-ground pool, new retaining wall, and level walk-out from the family room. A two-story foyer opens to a formal living room and separate dining room with tray ceiling and butler's pantry. New hardwood floors flow throughout the main level. The family room features a wall of windows overlooking the backyard oasis, fireplace, built-ins, tray ceiling, and coffered ceiling detail. The spacious kitchen offers a center island, double ovens, breakfast area, and access to the expansive deck with automatic SunSetter awning. The deck is also reinforced and wired for an 8+ person hot tub/spa. A bedroom and full bath on the main level provide great guest space. Upstairs, the oversized primary suite includes a tray ceiling, spa-like bath with dual vanities, whirlpool tub, separate shower, and large custom closet with additional storage. Three additional bedrooms and two full baths complete the upper level, including flexible space ideal for a bonus room, playroom, or private retreat. The finished terrace level is perfect for entertaining or extended living with brand-new flooring, full kitchen, bar, media room, natural gas remote-controlled fireplace, full guest suite, and ideal in-law suite setup. Walk out level to the private pool and fenced backyard. Additional features include fresh interior paint, newer roof, two new Trane A/C units, THX surround sound, central vacuum, new hot water heater, tinted windows, three-car garage, and high-bay RV/boat garage with 10-foot insulated door, 12-foot ceiling, and climate-controlled portable heating/A/C. BridgeMill amenities include golf, aquatic center, tennis, pickleball, fitness center, dining, and social events. Minutes to Lake Allatoona, downtown Canton, Woodstock, I-575, and top-rated Cherokee County schools. Possible VA assumable loan at 2.49%.
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.
