Welcome to this beautiful, like new 5 bedroom 4 bath home in the Avalon area of McDonough. Upgrades start as soon as you arrive. Well manicured yard with exotic palm trees and a lovely water fountain. The rocking chair front porch is beautifully tiled for an added touch of luxury. The main level features a living room or office with double glass doors. The formal dining room has coffered ceilings and Wayne's coating. The chef's style kitchen with island, has an open concept that overlooks the family room and fireplace. You will find an additional guest bedroom with access to the full bath shared with guests. Laundry room also located on main level. As you send to the upstairs, you will find 4 bedrooms and 3 additional baths. The expansive primary room features a large sitting room with fireplace, an initial closet and private rear stairwell to access main level. the Primary en-suite with double vanities, soaking tub and separate glass shower. Within the en-suite, you will also find a separate water closet and a main large closet with California Closet system. A secondary, spacious bedroom containing it's on en-suite and Califonia Closet system, and two additional bedrooms with a shared bathroom. The Upstairs Hallway also contains 2 Linen Closets for Additional Storage. Moving to the outside, rear of home, you will be pleased to find an oversized tiled and gated patio with gazebo. Home is close to major shopping and a beautiful park just outside community. For added safety, there is a fire station also just outside of the community as well. this one is truly a "Must See!"
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.
