850 Cog Hl, Mcdonough, GA 30253
3 beds · 5 baths · 4,655 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Gorgeous four-sided brick home on a level, private cul-de-sac lot that backs up to the golf course, 3 car garage and saltwater swimming pool. Large open floor plan with coffered ceilings and top of the line engineered hardwood flooring. Bright gourmet kitchen with white cabinetry, quartz countertops, glass tiled backsplash, stainless steel appliances, built-in microwave, ice maker, touch on/off faucets, gas cooking, top of the line Frigidaire refrigerator/freezer, recessed lighting, walk in pantry and island with breakfast bar. A spacious great room with stacked stone fireplace, large built-in shelving and tall coffered ceiling. Large open concept dining room that seats up to 12. Oversized master bedroom with double tray ceiling, hardwood flooring and private bathroom featuring tiled flooring, double granite countertop vanity, glass frame shower, Jacuzzi tub and his/her walk-in closets. Spacious secondary bedrooms, each with their own tiled full bathroom and great closet space. Large separate office with lots of built-in shelving. An awesome entertainment room with coffered ceiling, hardwood flooring, and farm style doors that lead to the spacious workout room. Very well insulated home including spray foam insulation in the attic. Beautiful covered outdoor space with kitchen including Green Egg, Ice maker, breakfast bar, gas fireplace, recessed lighting, ceiling fans, and awesome view of the saltwater swimming pool and private, wooded backyard. Outside half bathroom for the pool. Large three and a half size car garage with 220 Amp circuit electric service and lots of storage. Outdoor dusk to dawn lighting. Super popular gated Eagles Landing subdivision & Country Club with swimming pools, tennis courts, large clubhouse, restaurant, Golf Course, walking trail and playground. Great location too downtown Atlanta, I-75, Atlanta airport, great schools, shopping, and entertainment.
Source: FMLS #7565594
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: FMLS #7565594
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.