100% Financing Available on This Home! Welcome to this beautifully maintained 2BR/2.5BA Craftsman-style two-story townhome built in 2003, tucked away in the desirable Redwood Cove community. Ideally located just minutes from historic Downtown Norcross, you'll enjoy easy access to shopping, dining, parks, and vibrant community events. Enjoy strolls through The Heart of Norcross and Lillian Webb Park, take in a performance at Thrasher Park, or explore unique local shops and eateries just around the corner. Two designated parking spaces plus visitor parking add convenience, while the inviting front porch and foyer entry lead into a warm fireside family room featuring a corner fireplace, abundant natural light, and tile flooring throughout the main level. The open-concept floor plan showcases upgraded elegant lighting, a spacious dining area, and a bright kitchen with stone countertops, bar seating, tile backsplash, stained cabinetry, and a dedicated breakfast area with sliding glass doors opening to a private wooded patio and exterior storage closet. A main-level storage closet and guest bathroom complete the first floor. Upstairs, stair rail lighting leads to the serene primary suite with backyard views, cathedral ceiling, and a custom closet featuring a shoe rack, storage cubbies, custom hanging space, and built-in drawers. The spa-inspired primary bath offers a custom stone double vanity with spa sinks, tile flooring, and a shower with large garden tub. A secondary bedroom with walk-in closet, stone vanity, and tub/shower combo, plus a convenient upstairs laundry closet, complete the second level. As an end unit, the home offers additional privacy, and lawn maintenance is included in the HOA for low-maintenance living. Special Buyer Incentives Available! Special 100% Financing and up to $20,000 Closing Cost Assistance Available! Take advantage of the Buy Before You Sell Program, enjoy a one-year temporary rate buydown (1% below market rate) OR a closing credit at no cost to the buyer, courtesy of Mark Baker/SWBC Mortgage.
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.
