PRICE IMPROVEMENT!! Welcome to 814 Cambridge Creek Drive — a move-in ready home offering space, updates, and instant equity from day one. Recently appraised at $330,000 and now offered at $309,900, this is a standout opportunity for first-time buyers and savvy purchasers looking for immediate value in today’s market. Situated on over half an acre with NO HOA, this beautifully maintained Conyers home delivers comfort, privacy, and modern upgrades that provide true peace of mind. Recent improvements include a new roof (2024), new garage doors and motor with myQ smart access (2023), new fence, and newer HVAC (2020) featuring an Ecobee smart thermostat — making this home truly move-in ready. Step inside to low-maintenance flooring, abundant natural light, and a welcoming living area anchored by a striking stone-faced fireplace. The eat-in kitchen offers a breakfast bar, ample cabinetry, and conveniently located laundry, creating an effortless everyday living experience. The primary suite is a relaxing retreat featuring tray ceilings, a walk-in closet, and a spa-like bath with separate shower and soaking tub. An oversized bonus room provides flexible space ideal for a media room, home office, playroom, gym, or teen retreat. Enjoy outdoor living in the private, newly fenced backyard complete with a bolted-down gazebo and patio — perfect for entertaining, relaxing, or creating your own backyard oasis. Conveniently located near shopping, dining, parks, and major routes, this home offers the perfect blend of comfort, convenience, and long-term value. Seller is offering a 1-year home warranty, and possible interest rate buy-down with acceptable offer. Discounted rate options and no-lender-fee future refinancing may be available for qualified buyers. This relaunch and new price create an incredible opportunity — schedule your private tour today!
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.
