Experience the ultimate resort-style lifestyle in the highly sought-after BridgeMill community of Canton. Perfectly situated on a private cul-de-sac lot, this beautifully updated home features a fully fenced backyard with a newly built in-ground pool - perfect for relaxation and entertaining. The property also backs to un-buildable Army Corps of Engineers land, offering wooded acreage, added privacy, and direct paths leading toward Lake Allatoona. Step through the impressive two-story entry foyer, flanked by a formal living room and an elegant separate dining room with tray ceiling and butler’s pantry leading into the kitchen. New hardwood floors flow throughout the home, adding warmth and sophistication. The dramatic family room showcases soaring windows overlooking the deck and backyard, along with a fireplace, built-in bookcases, tray ceiling, and coffered ceiling detailing. The kitchen is designed for gathering, offering a center island, double ovens, eat-in breakfast area, and direct access to the expansive deck. The back deck is wired and reinforced for an 8+ person hot tub or spa at the far end and features an automatic Sun Setter awning, creating a comfortable outdoor living space. A full bedroom and bath on the main level provide ideal guest accommodations. Upstairs, the expansive primary suite features a tray ceiling and spa-like en suite bath with dual vanities, whirlpool tub, separate shower, and a large custom closet with additional storage. Three additional bedrooms and 2 baths complete the upper level, including a flexible space perfect for a bonus room or private retreat. The fully finished terrace level is an entertainer’s dream with brand new flooring, a bar, new full kitchen, media room, natural gas remote-controlled fireplace, and a full guest suite, ideal for an in-law suite or extended-stay visitors. The fenced backyard offers privacy and space to unwind, highlighted by a newly built in-ground pool, new fencing, new retaining wall, and expansive deck, perfect for summer gatherings and quiet evenings at home. Additional upgrades include fresh paint throughout, a newer roof, two new Trane air conditioner units, THX surround sound throughout the home, central vacuum, new hot water heater, tinted windows throughout including the rear of the home, and a high-bay RV/boat garage with a 10-foot insulated garage door, 12-foot interior ceiling, and fully climate-controlled portable heater and A/C unit installed. A three-car garage completes the home. Living in BridgeMill means enjoying premier amenities including a championship 18-hole golf course, 2-acre aquatic center, extensive tennis and pickleball facilities, fitness center, on-site dining, and year-round social events. Just minutes from Lake Allatoona, downtown Canton, and Woodstock, with easy access to I-575, this location offers the perfect balance of recreation, convenience, and top-rated Cherokee County schools. *VA Loan Assumable at 2.49% in the amount of $370,560
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.
