103 Royal Way, Mcdonough, GA 30252
3 beds · 2 baths · 1,746 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your dream home! Step inside and be captivated by the abundant natural light that fills every corner, highlighting the exquisite hardwood floors and the expansive open-concept layout. The heart of this home is the true chef's kitchen, boasting quartz countertops, stainless steel appliances, and an extended island perfect for entertaining. What you cannot see in the photos is the induction cooktop, convenient spice drawers, and under cabinet lighting. Recent updates include custom architectural trim, energy-efficient windows, modern lighting and fixtures inside and out, CertainTeed Landmark Pro roof, and sleek tile flooring in wet areas. The primary suite is a retreat in itself, featuring a double tray ceiling, custom built-in cabinetry and an oversized workstation. The walk in closet contains coordinating cabinetry for a sleek look in the dressing space. Outside the covered back deck invites you to relax and enjoy the beautifully landscaped yard, offering endless possibilities for outdoor living. This home is equipped with a state-of-the-art smart home security system, including Ring, Nest, and temperature control features. Plus, the garage is pre-wired for electric vehicle charging, adding to the home's modern conveniences. Meticulously maintained and move-in ready, this home is the perfect blend of luxury and comfort, waiting for you to make it your own.
Source: GAMLS #10377185
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: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: GAMLS #10377185
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.