10199 Cormac St, Jonesboro, GA 30238
4 beds · 2 baths · 2,520 sqft
**ACCEPTING BACKUP OFFERS** Back to the market due to buyer financing. No fault of the seller. Welcome to a home that radiates warmth, comfort, and timeless beauty in The Lake at Mundy's Mill. As you turn into the peaceful cul-de-sac, the brick-front exterior and charming front porch instantly welcome you, hinting at the special moments that await within. Step through the doors into a breathtaking 2-story foyer, where light dances playfully, setting the tone for the entire house. Imagine hosting gatherings in the elegant dining room, with its dramatic coffered ceiling and detailed crown molding, a space where celebrations and laughter will echo for years to come. The heart of this home beats in the open-concept kitchen and family room, where you can picture cozy evenings by the gas fireplace, laughter around the center island, and the aroma of meals being prepared in your well-appointed kitchen with sleek stainless steel appliances and crisp white cabinetry. The oversized primary suite is a true sanctuary – an oasis of tranquility with its spacious sitting area, luxurious soaking tub, and spa-like bath where you can unwind after a long day. With three additional generously-sized bedrooms, there's plenty of room for everyone to create their own cozy haven. Outside, the private backyard with its covered patio invites you to enjoy lazy afternoons, morning coffee, or starlit nights, all while feeling the serenity of this wonderful lake community. With a convenient location close to schools, shopping, and dining, this is more than a house – it’s the home where your next chapter begins. Don’t let this dream slip away; your forever home is waiting. Don't miss the opportunity to make this dream home yours! Some photos have been virtually staged.
Source: FMLS #7403631
Source: FMLS #7403631
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: #7403631