Do you need lots of space for living and entertaining, yet want to stay close to city conveniences? Don't miss this AMAZING DEAL in Fortson's coveted Wooldridge Heights subdivision! SPACIOUS home w/ FLEX SPACE options for more Bedrooms, Homeschool, Crafting/Gaming space, Playroom, Music Room, additional Office, OR you can have it ALL! Just under 3 acres, partially wooded CORNER lot that's perfect for anyone who loves to entertain, while retaining privacy! GORGEOUS Stonework surrounds this well-maintained home in a sought-out area of North Columbus/Fortson. The MAIN home is a 2-story gem with Crown & Custom Moldings at the inviting Foyer entry with Separate Dining Room to your Left + Home Office/Library on your Right, One Bedroom + Full Bathroom on 1st level. Upstairs boasts ample sized Bedrooms + Full Bathroom w/ Granite counter topped Double Vanity, along with your GENEROUS Primary Suite's Separate Tiled Shower, massive Soaker Tub, Dual-zoned Walk-in Closet. PLUS an oversized Laundry Room AND an expansive Loft's Secondary Living Area! The well-appointed Kitchen has extensive Granite counter space, Stainless Steel appliances + an Island overlooking Great Room's STONE Gas Fireplace w/ decorative mantle & mounted TV remaining with the home! Finished Daylight Basement w/ Large Living area + Flex Space w/ BEAUTIFUL Glass French Doors could be bedroom + 2 more rooms w/ closets that could be Bedrooms...AND there is another Full Bathroom! Kitchen/Living Room on MAIN level leads to a recently stained Deck to enjoy the view & serenity of your Fenced, Private, Wooded backyard AND side yards. Additional features include: STUNNING Front Porch with STONE steps, Walk-out FINISHED Basement w/ GARAGE doored Storage area + STORM SHELTER + Patio beneath the upper level's Deck, an Irrigation system, & attached Double Garage + extra parking pad...ALL on a 2.96 acre Corner lot that's only 1 mile from I-185 or Hwy 27! Zoned for Northside High School and convenient to dining, shopping, and SO MUCH MORE. Schedule a private tour and submit your offer TODAY! *Seller concession amount based on overall offer.*
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.
