WELCOME TO YOUR 3-ACRE PRIVATE RETREAT JUST MINUTES FROM THE CITY! This stunning four-sided brick ranch, fully renovated just a few years ago, offers the perfect blend of space, comfort, and convenience-with no HOA restrictions. Boasting 2,702 square feet of beautifully updated, stepless living space, this home features an open-concept floor plan designed for both everyday living and effortless entertaining. The updated white kitchen is the heart of the home, complete with gorgeous white quartz countertops, modern cabinetry, and a large island ideal for gatherings, meal prep, and hosting guests. The oversized primary suite provides a true escape, featuring a generous walk-in closet and plenty of room to unwind. The home also includes updated bathrooms, offering a fresh, modern feel throughout. Downstairs, the fully finished basement with a full bathroom and private entry offers incredible flexibility-perfect as an in-law suite, guest quarters, media room, or ultimate man cave. With its separate entrance, it also presents an excellent opportunity for an Airbnb or private rental, creating potential for additional income. Step outside and enjoy a quiet, level lot with exceptional curb appeal. The huge deck overlooks your expansive acreage, creating the perfect setting to relax or entertain. The backyard is ideal for gardening, outdoor activities, or simply enjoying the peaceful surroundings. With a large driveway, there's plenty of parking for guests, RVs, and recreational vehicles. Whether you're storing equipment or even raising chickens, this property offers unmatched versatility. A sizable shed adds even more storage or hobby space. Conveniently located near downtown Atlanta, with easy access to the airport, parks, recreational areas, and local historic sites, this home offers the tranquility of country living without sacrificing proximity to everything you need. Don't miss this rare opportunity-schedule your showing today and make this exceptional property your next home!
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.
