101 Elite Way, Mcdonough, GA 30252
5 beds · 4 baths · 3,450 sqft
Discover the home you've been dreaming of! Tucked away in a peaceful, private subdivision but still only 1.5 miles from Ola schools and the new Publix (with no HOA!), this all-brick beauty boasts a new roof and is ready to check every box on your wish list. With 5 spacious bedrooms, 4 full baths, and almost 1-acre lot, this home offers privacy and plenty of room to live, play, and entertain. Step inside and prepare to be wowed-gorgeous hardwood floors and an open floor plan create the perfect backdrop for all the moments that make a house a home. The gourmet kitchen is the heart of it all, featuring a massive center island with granite countertops, a roomy butler's pantry, and seamless flow into the living areas. Whether you're hosting friends or tackling weekday dinners, this space is as functional as it is beautiful. The main floor also includes a guest bedroom with a full bath-ideal for visitors, in-laws, or multi-generational living. And with a formal dining room, hall office and sitting room, you've got plenty of flexible space to fit your lifestyle. Upstairs is where the magic continues!! The primary suite is a true retreat, complete with a private sitting area and spa-like bathroom. Plus, every bedroom has walk-in closets (finally, enough storage!) and a second en suite ensures everyone has their own slice of comfort. Located in the highly sought-after Ola School District, this home is a rare find. And with no HOA restrictions, you've got the freedom to make it uniquely yours! Add in that new roof, and this one is move-in ready. Don't wait-homes like this don't last long!
Source: GAMLS #10419871
Interest rate and monthly payment estimated based on public records.
Source: GAMLS #10419871
Source: Public records
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: #10419871
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.