55 Erin Way, Commerce, GA 30529
4 beds · 3 baths · 2,091 sqft
This charming 2-story gem in a peaceful cul-de-sac is the fresh start you've been looking for. Imagine waking up in one of the four spacious bedrooms, with 2.5 bathrooms to accommodate your every need. The primary suite feels like your personal spa, complete with double vanities and elegant trey ceilings. The heart of the home? A modern kitchen that’s ready for your culinary masterpieces, outfitted with sleek stainless steel appliances. The luxury vinyl plank flooring in the main areas isn’t just stylish—it’s also practical, perfect for handling whatever life throws your way. And when it’s time to relax, the cozy carpeted bedrooms offer a retreat of their own. But it doesn’t stop there. The exterior is as low-maintenance as they come, thanks to durable Hardiplank siding. Your private, partially fenced backyard is an oasis, with a creek running just beyond—a perfect backdrop for both quiet moments and lively gatherings. The 2-car garage ensures your vehicles are protected, while the inviting front porch is the ultimate spot to sip your morning coffee and soak in the neighborhood vibes. Located in a sought-after area with top-rated schools, shopping, dining, and easy highway access, this home is all about convenience and comfort. Don’t miss your chance to make it yours—schedule a tour today and discover what makes this property so special! And for a smooth financing process, connect with Scott Coile at Barrett Financial, our preferred lender.
Source: FMLS #7411842
Source: FMLS #7411842
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #7411842