Welcome to 91 Pennsylvania Avenue in the sought-after Senator's Ridge Subdivision! This beautiful LAKE ACCESS 4-bedroom, 2.5-bath brick-front home sits on almost 1.5 acres plus a full unfinished basement in highly desirable Paulding school districts and is a rare find with direct lake access right from your backyard. With easy access to the water and the potential for an easy dock installation, this property offers a unique opportunity to enjoy lakeside living right at home. Relax on the charming rocking-chair front porch and enter through elegant brand-new double front doors that create a stunning first impression. Ready for your family to move right in, this home offers the perfect blend of comfort, updates, and outdoor living. The newly renovated eat-in kitchen features new white cabinetry, granite countertops, a center island, stainless steel appliances, ceramic tile flooring, and a spacious walk-in pantry. Hardwood floors flow throughout the main level, leading to a spacious family room with accordion-style doors that open to a covered patio with a built-in stone fireplace—perfect for entertaining year-round. An additional deck area provides the ideal space for grilling and enjoying the peaceful lake setting. Retreat to the beautifully updated primary suite featuring a walk-in shower with dual shower heads, a freestanding soaking tub, private water closet, double vanity with new granite countertops, white cabinetry, updated bronze fixtures, and a walk-in closet. The guest bathroom has also been tastefully updated with new vanities, granite countertops, raised bowl sinks, and modern fixtures. Homes on the lake in Senator’s Ridge rarely become available—don’t miss this exceptional opportunity!
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.
