73 S Johnson Ave, Clayton, GA 30525
4 beds · 2 baths · 1,498 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Back on the market due to no fault of the seller. Priced reduced for quick sale. Welcome home to this three-bedroom, two-bathroom home with the option of having a fourth bedroom or additional living space. This home offers both function and space. The living room and bedrooms have beautiful hardwood flooring, fresh paint, a newer roof (less than 5 years old per the previous owner), and a new water heater. The wood-burning fireplace is located in the flex room. This cozy home sits on a level corner lot in a quiet neighborhood located in the foothills of the Blue Ridge Mountains. Clayton offers a variety of wonderful outdoor activities such as hiking, whitewater rafting, and wine tasting, and charming downtown shops, along with farm-to-table dining and scenic drives through the Blue Ridge Mountains. Call your agent today to book your private showing appointment before it's too late.
Source: GAMLS #10435094
Source: GAMLS #10435094
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.