Welcome to Fairfield Estates, located in the sought-after Lake Spivey community of Jonesboro, GA-where timeless charm meets modern, move-in-ready living. Step into a home where every detail has been elevated and thoughtfully redesigned for comfort and style. From the moment you walk in, you're greeted by rich hardwood floors and a warm, inviting living space anchored by a built-in fireplace-perfect for both everyday living and hosting. The kitchen has been fully updated with sleek quartz countertops, stainless steel appliances, and a clean, modern layout that flows effortlessly into the main living areas. The primary suite delivers a true retreat. The spa-inspired bathroom features a soaking tub, a beautifully designed shower, and a private toilet area-creating a space that feels calm, elevated, and functional all at once. Beyond the visible upgrades, this home offers true peace of mind with major system improvements including two brand-new HVAC systems, a new gas water heater, and all-new PEX plumbing throughout-allowing you to move in with confidence and without the typical hidden maintenance concerns. Step outside to a spacious, high-end back deck that's ready for entertaining, relaxing, or enjoying quiet evenings at home. The oversized two-car garage offers plenty of room for parking, storage, or even a workshop setup, with additional storage thoughtfully built throughout the home. Every inch of this property has been refreshed-from new paint inside and out to updated lighting, fixtures, and finishes-giving the home a clean, cohesive, truly move-in-ready feel without the typical to-do list. Enjoy the benefits of a quiet, established community with larger lots and mature trees, all while being just minutes from shopping, dining, parks, and quick access to Atlanta and the airport. Jonesboro offers that rare balance of space, convenience, and charm that buyers continue to seek out. If you've been waiting for a home that combines thoughtful design, strong upgrades, and everyday livability-this is it.
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.
