Step into a world of modern comfort and architectural elegance in this stunning two-story residence, perfectly situated in the peaceful Asbury Park community of Palmetto. Your walkthrough begins as you enter a grand, light-filled two-story great room, where soaring ceilings and an open-concept layout create an immediate sense of breathtaking scale and sophistication. The journey flows naturally into the heart of the home—a chef-inspired kitchen boasting crisp white cabinetry, premium solid surface countertops, and a cozy eat-in area that overlooks the vibrant living space, making it the ultimate hub for daily life and high-end entertaining. Ascend to the upper level to discover a true sanctuary in the oversized primary suite, featuring elegant vaulted ceilings and a spa-like ensuite bath complete with a double vanity and a separate soaking tub and shower designed for total relaxation. The secondary bedrooms are equally impressive, offering ample space and versatility for family, guests, or a sophisticated home office. Beyond the interior, your private retreat continues outdoors to a leveled backyard, while the neighborhood’s quiet streets provide a serene escape from the hustle and bustle. Strategically located with rapid access to Highway 29 and I-85, you are just a short drive from the shopping and dining of South Fulton, the natural beauty of Cochran Mill Park, and minutes away from Hartsfield-Jackson International Airport, offering the perfect blend of small-town charm and metropolitan convenience.
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.
