Welcome to this beautifully renovated 6-bedroom, 5.5-bath home nestled in the heart of Roswell and zoned for the highly sought-after Roswell High School. Situated on a private one-acre lot backing up to Big Creek, this stunning four-sided brick residence blends timeless character with today’s most desirable upgrades. From the newly installed custom front entry door to the freshly painted interior and exterior, every detail has been thoughtfully curated to create a truly move-in-ready home. Inside, you’ll find a spacious and functional layout designed for both everyday living and entertaining. The fully remodeled kitchen is a showstopper, featuring custom cabinetry, quartz countertops, tiled backsplash, under-cabinet lighting, copper farmhouse sink, copper vent hood, pot filler, and sleek black stainless appliances. A large pantry and oversized laundry room with shop sink provide added convenience. The home showcases a beautiful blend of original hardwoods and newly installed hardwood flooring throughout, along with solid core doors, new hinges and hardware, custom ceiling fans, recessed lighting, upgraded sub panel, and all new switches and outlets. With four bedrooms offering private en suite baths, this home delivers exceptional comfort and flexibility for family and guests alike. The garage has been thoughtfully converted into a TV/media room with elegant travertine tile, creating additional living space perfect for gatherings or relaxing evenings. A separate office provides the ideal work-from-home setup, while the third-story loft is serviced by a 2-year-old dedicated HVAC system for optimal climate control. Two 55-gallon water heaters and all-new blown-in insulation add efficiency and peace of mind. Outdoor living is just as impressive. Enjoy the newly built deck complete with shade covering, ceiling fan, and outdoor lighting, plus an under-deck drainage system with additional fan and lighting to maximize usable space year-round. The freshly painted patio with lattice privacy wall creates a serene retreat overlooking the natural beauty of Big Creek. With newer gutters and gutter guards, updated windows, and extensive improvements throughout, this exceptional Roswell property offers luxury, privacy, and top-tier schools and within 2 miles from Historic Downtown Roswell — all in one remarkable home.
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.
