Unlock an ultra-rare 3.5% VA loan assumption — no veteran status required — and slash your monthly payment by more than $1,450 compared to today’s rates. Live steps from the Atlanta BeltLine in the heart of ultra-vibrant, walk-everywhere Reynoldstown. Set inside the original Triumph Motorcycle Factory, this fully renovated loft combines industrial soul with fresh, modern style. The boutique community offers everything—pool, skyline-view rooftop deck, gym, clubroom, and direct Eastside Trail access—putting you right in the center of one of Atlanta’s coolest, fastest-growing neighborhoods. VA Loan Assumption Opportunity! No Veteran Status Required! This is a rare chance to assume the seller’s 3.5% fixed VA loan with a balance under $290,000. Monthly principal and interest is about $1,302, versus ~$2,760/month at today’s rates—over $1,450/month in savings. Even better, the seller (a qualified veteran) is open to transferring their VA entitlement, making this a fully assumable VA loan and potentially saving you tens of thousands over the life of the mortgage. Ask your lender or the listing broker about qualification and next steps—opportunities like this almost never hit the market. Walk through your private entrance into a bright, airy space wrapped in fresh LVP flooring, exposed concrete ceilings, and floor-to-ceiling windows flooding the home with natural light. The newly expanded and fully reimagined kitchen delivers major wow-factor with its striking blue cabinetry, sleek quartz countertops, and statement backsplash—a total showstopper for cooking, hosting, or just living stylishly. The primary suite feels like a boutique hotel, featuring a newly-renovated spa-inspired bathroom and a generous walk-in closet. The second bedroom offers the flexibility every BeltLine buyer wants—guest room, creative studio, or the perfect WFH setup—paired with a full hall bath. Major mechanical upgrades bring peace of mind, including a new HVAC system (2 yrs old) with transferable warranty, new water heater (1 yr old) with warranty, and a Smart Thermostat for remote climate control. You also get gated covered parking, a shared EV charger with neighbors parking space, and a private air-conditioned storage unit deeded exclusively to this home. When it’s time to wind down Friday night, your walk can start just steps away: cruise along the BeltLine to Muchacho—a high-energy, beautifully designed bar/restaurant with massive outdoor patio and bar, vibrant décor and drink specials. One of your favorite neighborhood spots, easy to stroll to, pull up a seat and pour a craft beer or margarita. From there you’re still at the heart of it all—the Eastside Trail is literally at your doorstep—connecting you to the city’s best energy. Stroll to Breaker Breaker, Superica, Krog Street Market, Cabbagetown, local breweries, indie shops, The Eastern, parks, and Publix across the street. Bike to Ponce City Market, glide to Inman Park for cocktails, or take the pups for a morning BeltLine run. This is the lifestyle buyers wait for. A truly rare, fully updated BeltLine-front loft with serious style and unbeatable vibe—right in the heart of Reynoldstown.
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.
