4207 Melinda Ln, Gainesville, GA 30507
3 beds · 2 baths · 1,564 sqft

Get a free consultation call with an expert in the mortgage assumption process.
Charming Ranch on Over Half an Acre – NO HOA! Welcome to your turn-key dream home! Nestled on a spacious lot in a quiet neighborhood with a lovely country feel, this beautiful ranch offers both peace and convenience — just minutes from shopping, hospitals, and restaurants. Step inside to find fresh interior paint, hardwood and engineered flooring throughout, and an open, inviting layout that makes you feel right at home. The HVAC system is only two years old, so you can move in worry-free! Enjoy low-maintenance living with plenty of outdoor space — perfect for gardening, entertaining, or simply relaxing. Need extra storage? There’s a handy outbuilding/shed ready for your tools, gear, or hobby supplies. Don’t miss your chance to own this slice of paradise with NO HOA restrictions. Grab your things and RUN — this one won’t last long!
Source: FMLS #7518248
Source: FMLS #7518248
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.
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.
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 620, 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.
